Bankruptcy FAQ: Median Income Figures for New Jersey Bankruptcy Cases Effective November 1, 2019

The U.S. Trustee Program announces Means Testing Data for Bankruptcy Cases.

The median income for each family size for a Debtor (or married Debtors) to qualify for a Chapter 7 New Jersey Bankruptcy Case for cases filed on or after November 1, 2019 is as follows:

Family Size of 1:  $68,464

Family Size of 2:  $82,249

Family Size of 3:  $104,752

Family Size of 4:  $128,994

More information can be found here.

Remember it is always important to review this information with an experienced bankruptcy attorney.

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