It will be a little easier to qualify for bankruptcy relief when the income guidelines used for eligibility increase slightly on October 1. A single Kansas earner will be able to make $894 more per year and qualify for chapter 7 bankruptcy relief. A family of four will be allowed a $2036 more income per year in Kansas.
Here are the “means test” figures now in effect and the figures approved by the U.S. Trustee for bankruptcy cases file on October 1, 2008, or after.
- 1 earner             $38,594     $39,488
- 2-person families   $52,989     $54,070
- 3-person families   $58,075    $60,906
- 4-person families   $69.831     $71,867
- 5-person families   $76,731     $78,767
- 6-person families   $83,631     $85,667
- add $6,900 for each additional person [Read more…]
