Published By

http://bankruptcylawyerpa.com/blog/about/

Philadelphia Bankruptcy Attorney Dan Mueller of Harborstone Law Group represents consumers in bankruptcy and debt negotiation matters throughout Philadelphia, Montgomery County, Delaware County, Chester County, and Bucks County in Pennsylvania.

Pennsylvania Median Income Changes for 2017 — More Debtors Qualify for Bankruptcy

Pennsylvania Median Income

The Pennsylvania median income has increased again for most families as of May  1, 2017. 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:

IndividualFamily of 2Family of 3Family of 4Family of 5Family of 6*
$51,138$61,271$75,018$90,821$99,221$107,621

*For each additional family member over six, add $8400. Applies to cases filed on or after May 1, 2017.  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.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>