Bankruptcy FAQ: New Median Income Figures for New Jersey Bankruptcy Cases Effective April 1, 2018

The U.S. Trustee Program has announced new 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 April 1, 2018 is as follows:

Family Size of 1:  $66,284

Family Size of 2:  $81,054

Family Size of 3:  $98,174

Family Size of 4:  $121,226

More information can be found here.

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

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Facing overwhelming debt is a daunting prospect. Calls from creditors and threats of repossession or foreclosure can take a toll on families. It may seem impossible to dig out from a hole and regain financial flexibility and freedom. Thankfully, an Edison bankruptcy lawyer wants to help you. Unlike many other law firms that suggest filing for bankruptcy as the sole chance to escape from under debt, we recognize that many alternatives may be available that bring a similar outcome. Even when bankruptcy is the best option, we provide you with all of the information you need to protect your interests. Give Gillman, Bruton & Capone a call today to schedule an appointment and a free case evaluation.

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