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Times have changed, and bankruptcy is no longer viewed as a black cloud of failure.
Every year, more and more Americans turn to the legal protections provided by filing bankruptcy.
At the end of the day, bankruptcy is simply a court-supervised process that is designed to eliminate debt and stop collections, repossession, foreclosure, lawsuits and wage garnishments. |
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DEBT RELIEF vs BANKRUPTCY
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When struggling to cope with overwhelming debt, many people often ask which path is right for their situation. Quite honestly, the primary difference lies in our legally required disclosure, “We help people file for bankruptcy relief under the Bankruptcy Code.”
It's important to note that many other debt relief services may not use the bankruptcy code. Michigan Bankruptcy HQ can certainly assist with managing debts outside of filing bankruptcy, but the US Bankruptcy code provides specific legal protections that are not afforded by other debt relief strategies. |
Note: Information for cases filed on or after May 1, 2012. Although we try to keep the means test median income information on this page as up-to-date as possible, the median income table may be updated at any time, and information on this page may be out of date. The latest information can be found at the U.S. Trustee Program Web site.
Updated as of: Oct 31, 2012.
Updated as of: Oct 31, 2012.
Income Levels for Chapter 7 Bankruptcy
Find the median income level of your state and talk to a lawyer about your debt-relief options.
These number pertain to those who file on or after November 1, 2012:
StateSingle-Earner2-Person3-Person4-Person**
Alabama$39,307$48,166$51,156$63,388
Alaska$52,713$70,172$80,531$86,581
Arizona$41,253$54,000$54,526$59,786
Arkansas$35,765$45,394$48,491$55,444
California$47,433$61,752$66,034$74,122
Colorado$48,544$64,300$70,794$85,027
Connecticut$57,154$71,400$84,638$100,451
Delaware$47,305$61,436$71,798$83,424
District Of Columbia$49,168$80,298$80,298$80,298
Florida$41,065$50,711$53,820$63,937
Georgia$40,378$50,901$55,050$65,851
Hawaii$48,907$62,601$74,460$82,973
Idaho$40,938$48,884$49,482$61,058
Illinois$46,522$58,647$67,328$79,138
Indiana$41,236$51,551$57,721$69,328
Iowa$41,351$57,659$63,243$76,777
Kansas$41,714$55,698$64,571$74,853
Kentucky$39,209$45,866$54,485$66,409
Louisiana$37,197$46,763$54,730$68,921
Maine$40,647$52,148$59,200$78,310
Maryland$57,088$72,191$85,438$106,707
Massachusetts$54,475$66,076$80,822$101,523
Michigan$44,116$51,554$60,464$72,366
Minnesota$47,122$62,363$75,350$87,319
Mississippi$35,505$42,221$45,128$58,047
Missouri$40,259$50,734$58,342$70,687
Montana$41,443$53,260$55,822$65,695
Nebraska$41,012$58,336$65,872$75,495
Nevada$44,013$54,545$54,545$65,212
New Hampshire$51,522$64,495$81,243$97,441
New Jersey$59,906$68,284$83,292$101,682
New Mexico$37,571$50,911$50,911$60,368
New York$46,821$58,106$67,652$81,522
North Carolina$39,885$50,762$55,197$63,665
North Dakota$40,714$60,245$67,295$84,896
Ohio$41,946$52,139$59,724$72,764
Oklahoma$39,841$50,529$52,415$63,069
Oregon$42,285$53,941$60,941$65,950
Pennsylvania$46,477$54,091$67,452$80,414
Rhode Island$45,945$60,358$75,306$82,086
South Carolina$38,442$49,523$52,447$60,143
South Dakota$37,299$56,029$64,494$72,460
Tennessee$39,082$47,631$53,963$63,719
Texas$40,389$54,762$59,276$65,932
Utah$49,942$54,952$62,144$65,240
Vermont$45,086$60,451$66,400$84,011
Virginia$52,247$64,593$76,012$89,803
Washington$51,655$63,803$69,844$81,852
West Virginia$40,658$43,633$53,679$65,403
Wisconsin$42,776$57,479$64,441$79,648
Wyoming$44,417$61,912$72,194$77,137
** Add $7,500 for each individual in excess of 4.
Commonwealth or U.S. TerritorySingle-Earner2-Person3-Person4-Person
Guam$37,631$44,994$51,273$62,047
Northern Mariana Islands$25,270$25,270$29,400$43,242
Puerto Rico$21,938$21,938$23,060$27,609
Virgin Islands$29,857$35,884$38,260$41,918
** Add $7,500 for each individual in excess of 4.
These number pertain to those who file on or after November 1, 2012:
StateSingle-Earner2-Person3-Person4-Person**
Alabama$39,307$48,166$51,156$63,388
Alaska$52,713$70,172$80,531$86,581
Arizona$41,253$54,000$54,526$59,786
Arkansas$35,765$45,394$48,491$55,444
California$47,433$61,752$66,034$74,122
Colorado$48,544$64,300$70,794$85,027
Connecticut$57,154$71,400$84,638$100,451
Delaware$47,305$61,436$71,798$83,424
District Of Columbia$49,168$80,298$80,298$80,298
Florida$41,065$50,711$53,820$63,937
Georgia$40,378$50,901$55,050$65,851
Hawaii$48,907$62,601$74,460$82,973
Idaho$40,938$48,884$49,482$61,058
Illinois$46,522$58,647$67,328$79,138
Indiana$41,236$51,551$57,721$69,328
Iowa$41,351$57,659$63,243$76,777
Kansas$41,714$55,698$64,571$74,853
Kentucky$39,209$45,866$54,485$66,409
Louisiana$37,197$46,763$54,730$68,921
Maine$40,647$52,148$59,200$78,310
Maryland$57,088$72,191$85,438$106,707
Massachusetts$54,475$66,076$80,822$101,523
Michigan$44,116$51,554$60,464$72,366
Minnesota$47,122$62,363$75,350$87,319
Mississippi$35,505$42,221$45,128$58,047
Missouri$40,259$50,734$58,342$70,687
Montana$41,443$53,260$55,822$65,695
Nebraska$41,012$58,336$65,872$75,495
Nevada$44,013$54,545$54,545$65,212
New Hampshire$51,522$64,495$81,243$97,441
New Jersey$59,906$68,284$83,292$101,682
New Mexico$37,571$50,911$50,911$60,368
New York$46,821$58,106$67,652$81,522
North Carolina$39,885$50,762$55,197$63,665
North Dakota$40,714$60,245$67,295$84,896
Ohio$41,946$52,139$59,724$72,764
Oklahoma$39,841$50,529$52,415$63,069
Oregon$42,285$53,941$60,941$65,950
Pennsylvania$46,477$54,091$67,452$80,414
Rhode Island$45,945$60,358$75,306$82,086
South Carolina$38,442$49,523$52,447$60,143
South Dakota$37,299$56,029$64,494$72,460
Tennessee$39,082$47,631$53,963$63,719
Texas$40,389$54,762$59,276$65,932
Utah$49,942$54,952$62,144$65,240
Vermont$45,086$60,451$66,400$84,011
Virginia$52,247$64,593$76,012$89,803
Washington$51,655$63,803$69,844$81,852
West Virginia$40,658$43,633$53,679$65,403
Wisconsin$42,776$57,479$64,441$79,648
Wyoming$44,417$61,912$72,194$77,137
** Add $7,500 for each individual in excess of 4.
Commonwealth or U.S. TerritorySingle-Earner2-Person3-Person4-Person
Guam$37,631$44,994$51,273$62,047
Northern Mariana Islands$25,270$25,270$29,400$43,242
Puerto Rico$21,938$21,938$23,060$27,609
Virgin Islands$29,857$35,884$38,260$41,918
** Add $7,500 for each individual in excess of 4.