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Friday, October 9, 2009

New State Median Family Income Figures Released

The United States Department of Justice has released the Census Bureau State Median Family Income By Family Size figures for means test calculations on Bankruptcy Cases filed on or after November 1, 2009. The new figures are available on the U.S. Trustee's website here.

These figures apply only to cases filed on or after November 1, 2009.

For Massachusetts, the new State Median Family Income figures are as follows:

Family of 1: $53,505
Family of 2: $69,451
Family of 3: $82,591
Family of 4*: $99,648

*Add $6,900 for each individual member in excess of 4.

Try our Chapter 7 Means Test Calculator by clicking here or on your mobile device by clicking here, now updated with a NEW feature that allows you to choose whether to use the old or new Median Family Income figures.

For additional questions regarding the new State Median Family Income figures, or any questions regarding Bankruptcy or the Chapter 7 Means Test, please contact Attorney Matthew Trask at (508) 655-5980.

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