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Median Income Standards

Posted by Timothy Brown | Mar 05, 2022 | 0 Comments

The U.S. Trustee Program periodically publishes revised median income standards .  These standards are based on statistical data that shows the median household income in the filer's location based on household size.  In effect, a change in these income standards can impact, among other things, whether a particular individual can file for Chapter 7 bankruptcy or whether a Chapter 13 filer will be required to repay their debt over a period of three years or five years.  These revised income standards will be published in the Spring of 2022 when the Consumer Price Index adjustment occurs.

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Timothy Brown

Meet Our Experienced Crystal Lake Bankruptcy Lawyer Attorney Timothy Brown of The Law Office of Timothy Brown is a highly accomplished Crystal Lake bankruptcy lawyer. With over a decade of experience, he has the necessary skills to help his clients address a broad variety of legal matters pertai...


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