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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.


discover how bankruptcy laws can help you - mib-hq.com
Is Bankruptcy Right for You?

DEBT RELIEF vs BANKRUPTCY

debt relief vs bankruptcy - mib-hq.com

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page as up-to-date as possible, the median income table may be updated at any time, and information on this page may be out of date.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.


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.


Today, certain people file for bankruptcy, businesses and individuals, and it no longer has the stigma it once had. Now it's almost considered wise, a way to regroup and come back again.
David Dinkins 
Read more at http://www.brainyquote.com/quotes/keywords/bankruptcy.html#8C8DafyWVbKJrkrM.99 
High bankruptcy rates, increased credit card debt, and identity theft make it imperative that all of us take an active role in providing financial and economic education during all stages of one's life.
Ruben Hinojosa 
Read more at http://www.brainyquote.com/quotes/keywords/bankruptcy.html#8C8DafyWVbKJrkrM.99 
Even if you were to fall into extreme financial hardship and file for bankruptcy, you need to understand that your student loan debt will not be discharged in bankruptcy. It is the Velcro of all debts.
Suze Orman 
Read more at http://www.brainyquote.com/quotes/keywords/bankruptcy.html#8C8DafyWVbKJrkrM.99 
Medical debts are the number-one cause of bankruptcy in America.
Barbara Ehrenreich 
Read more at http://www.brainyquote.com/quotes/keywords/bankruptcy.html#8C8DafyWVbKJrkrM.99 
Five thousand people every day lose their home because of a medical bankruptcy. Most of them had insurance.
Debbie Stabenow 
Read more at http://www.brainyquote.com/quotes/keywords/bankruptcy.html#8C8DafyWVbKJrkrM.99 
In 1997, the National Bankruptcy Review Commission recommended that chapter 12 of the Federal Bankruptcy Code, the chapter that contains bankruptcy protection for family farmers, be made permanent.
Tim Holden 
Read more at http://www.brainyquote.com/quotes/keywords/bankruptcy_2.html#yH2hg1WBZsIjkACv.99 
Bankruptcy represents a longstanding commitment in this country to helping people get a fresh start. This principle has never been giving only certain people a fresh start.
Tim Johnson 
Read more at http://www.brainyquote.com/quotes/keywords/bankruptcy_2.html#yH2hg1WBZsIjkACv.99 
Bankruptcy is a serious decision that people have to make.
Herb Kohl 
Read more at http://www.brainyquote.com/quotes/keywords/bankruptcy_2.html#yH2hg1WBZsIjkACv.99 
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> American Bankruptcy Institute
> National Association of Consumer
    Bankruptcy Attorneys
> State Bar of Michigan
> Better Business Bureau
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Michigan Bankruptcy Headquarters is a division of the Law Office of Joseph P. Saulski, PLLC. Our attorneys help people file for debt relief under the U.S. bankruptcy code, and can help you with foreclosures, garnishments, repossessions, utility shut-offs, chapter 13, chapter 7, chapter 11, IRS collections, gambling debts, lawsuits and more. © 2013 Law Offices of Joseph P. Saulski, PLLC. All rights reserved. Unauthorized use, dissemination, distribution, or reproduction of copyrighted material is strictly prohibited and may be unlawful. Pursuant to 11 USC §528(a)(4) & (b)(2)(B) “We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.”

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