What are the bankruptcy income guidelines for chptr 7 for?

Dec 2nd, 2011
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Question by Lea: What are the bankruptcy income guidelines for chptr 7 for?
a family of 3 in the state of Missouri and Minnesota? Does anyone know?

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Answer by Englanda
It all depends on what you earn and what you owe.

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  1. Find me now to report me!
    Dec 2nd, 2011 at 23:41
    Quote | #1

    It doesn’t matter what state you’re in for the most part, it’s federal bankruptcy, here’s the chart for you to go take a look.

    Here are the median income numbers as provided by the U.S. Trustee’s office for residents of Minnesota. These figures went into effect on February 1, 2008, based on data from the U.S. Census Bureau.

    3 PEOPLE- $ 70,695

    I would imagine Missouri is lower since the median income is lower for that state, but probably not by much.

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