The Pennsylvania median income has increased again for most families as of November 1, 2016. Increases in the median income allow debtors qualify for Chapter 7 bankruptcy. This increase should also help some debtors avoid the bankruptcy means test entirely. For Chapter 13 debtors, the median income determines whether the debtor may enter a thirty-six or sixty month Chapter 13 plan.
The latest Pennsylvania median income numbers are as follows:
|Individual||Family of 2||Family of 3||Family of 4||Family of 5||Family of 6*|
*For each additional family member over six, add $8400. Applies to cases filed on or after November 1, 2016. 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.