Means Test

Pennsylvania Median Income for the 2023 Bankruptcy Means Test

The Pennsylvania median income increased again for most families as of May 15, 2023, meaning more debtors will qualify for Chapter 7 Bankruptcy in 2023. For Chapter 13 debtors, the median income determines whether the debtor may enter a thirty-six or sixty-month Chapter 13 plan and how much they must pay in their Chapter 13 plan.

High-Income Chapter 7 Bankruptcy: Crossing the Threshold

Don't assume that your high income will prevent you from filing for Chapter 7 bankruptcy in Pennsylvania. Income alone does not determine if you should file for Chapter 7 or Chapter 13 bankruptcy or pursue a non-bankruptcy option.

The Bankruptcy Means Test: An Attorney’s Explanation

What is the bankruptcy means test? How does it work, and why does it matter in Pennsylvania bankruptcy? A Philadelphia bankruptcy lawyer explains how the means test can enable more debtors to file for Chapter 7 bankruptcy.

Avoiding the Bankruptcy Means Test

If you have to take the bankruptcy means test, keep in mind that there is a high likelihood of passing. Moreover, you may have options even if you do not pass the test.

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