Crystal Lake (815) 788-9511

Blog

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.

About the Author

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...

Comments

There are no comments for this post. Be the first and Add your Comment below.

Leave a Comment

Contact Us

Law Office of Timothy Brown is committed assisting individuals in need of Debt Relief, Bankruptcy Litigation, Chapter 7, Chapter 13, Creditor Harassment Defense, Debt Collection Defense, and Foreclosure law issues in Illinois.

We will discuss your case with you at your convenience. Contact us today to schedule an appointment.

Menu