AM I ELIGIBLE?
Bankruptcy income guidelines for consumer (non-business) bankruptcy cases filed in Kansas on or after November 1, 2009:
- one earner household $41,357
- two person household $57,767
- three person household $63,438
- four person household $72,610
- add $6900 for each individual in the household in excess of four.
If your family income is less than the Kansas median and you are filing your case in Kansas, you are eligible for either chapter 7 or chapter 13 bankruptcy relief.
You may still qualify for bankruptcy if your income is greater than the Kansas median for your family size. We will have to fill out the long means test form to determine your options. Some clients may not be able to file chapter 7 bankruptcy and may have to pay a portion of their debt back in chapter 13 bankruptcy.
Unfortunately, the means test is not simple. There are all kinds of legal arguments over what types of money are income and how income is calculated. Believe it or not, there are debates over what is a family? The definition may include income from other members of your household even if they are not related to you or claimed on your tax return or contributions toward your household expenses you are receiving from someone else such as your parents or child support.
We will determine whether you pass the means test. Most people in Kansas do.
Stop being stressed out by bills you can’t pay! Get the fresh start only the federal bankruptcy laws can give you.
Call Mark and Jill today. We can help! 785-354-1471
The means test figures are updated by the U.S. Trustee Program using data from the U.S. Census Bureau for median income based upon family size.
Kansas Median Family Income by Family Size for Bankruptcy Cases Filed on or after October 1, 2008, through October 31, 2009:
- 1 earner household $39,488
- 2-person families $54,070
- 3-person families $60,906
- 4-person families $71,867
- 5-person families $68,548
- 6-person families $63,075
- Add $6,900 for each additional individual