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New Median Income Data will be used beginning April 1, 2013

Effective April 1, 2013, new median income data will be used for Chapter 7 Bankruptcy and Chapter 13 Bankruptcy proceedings.

Remember that means testing is based on household size. In Michigan, here is the new data:

1 –  $45,029;  2 – $52,621; 3 – $61,715; 4 – $73,864*

*For cases filed on or after April 1, 2013, add $8,100 for each individual in excess of 4.

Here is the direct link to the new data:

 

http://www.justice.gov/ust/eo/bapcpa/20130401/bci_data/median_income_table.htm

The home page for means testing data is:

http://www.justice.gov/ust/eo/bapcpa/meanstesting.htm