The Pennsylvania median income will increase for most families as of April 1, 2014. As a result, it is likely that more debtors will qualify for Chapter 7 bankruptcy, and fewer Pennsylvanians will be required to take the means test or be forced to file under Chapter 13. Median income for individuals and families of four dropped slightly and should have little effect. The latest Pennsylvania median income numbers are as follows:
|Individual||Family of 2||Family of 3||Family of 4*|
|*For each additional family member over four, add $8100. Applies to cases filed on or after April 1, 2014. Source: U.S. Census Bureau.|
For more information on median Income and the important role it plays in Chapter 7 and Chapter 13 bankruptcy, see our updated Pennsylvania Median Income page.