The Pennsylvania median income increased again for most families as of November 1, 2020. Increases in the median income allow more debtors to qualify for Chapter 7 bankruptcy. The increase should also help some debtors avoid the bankruptcy means test entirely.
For Chapter 13 debtors, the median income determines whether the debtor may enter a thirty-six or sixty month Chapter 13 plan.
The latest Pennsylvania median income numbers are as follows:
*For each additional family member over six, add $9000.
Applies to cases filed on or after November 1, 2020. Source: U.S. Census Bureau.
For more information on median income and the vital role it plays in Chapter 7 and Chapter 13 bankruptcy, see our updated Pennsylvania Median Income page.