The means test will get meaner for most Kansas consumer debtors.  Ironically, more debtors may be required to file chapter 13 payment plans instead of chapter 7 bankruptcy.
Today, the U.S. Trustee Program announced new income figures to use on the bankruptcy means test for cases filed on or after November 1, 2010. Three person households in Kansas will be allowed slightly more income, while one, two and four person households will be allowed less income on the bankruptcy means test.
Median family income for Kansas bankruptcy cases filed November 1, 2010, or after:
| KANSAS | $40,982 | $56,251 | $63,816 | $68,154 |
* Add $7,500 for each individual in excess of 4.
Median family income for Kansas bankruptcy cases filed March 1, 2010, or after:
| KANSAS | $41,210 | $57,561 | $63,212 | $72,352 |
* Add $7,500 for each individual in excess of 4.
Georgia, Virginia, Maryland, North Carolina and other states also have meaner means tests with lower income guidelines.
About Jill Michaux
