Bankruptcy Income Guidelines Changing

Will you qualify for chapter 7 bankruptcy after Halloween?

Bankruptcy income guidelines will change effective with cases filed on or after November 1, 2009. For one, two and three person households, the amount increases slightly. For four person households the amount decreases.

Here are the new Kansas figures:

  1. one earner household $41,357 (up $353)
  2. two person household $57,767 (up $1621)
  3. three person household $63,438 (up $193)
  4. four person household $72,610 (down $2016)
  5. add $6900 for each individual in the household in excess of four.

The figures are updated by the U.S. Trustee Program using data from the U.S. Census Bureau for median income based upon family size.

About Jill Michaux

Jill Michaux is a Kansas bankruptcy attorney. She can be found on Google+. She and her partner, Mark Neis, are Topeka's only board certified consumer bankruptcy law specialists.