New Means Test Numbers for Michigan for May 1, 2012

As of May 1, 2012, the Federal US Trustee Program is again updating their means test household median income numbers for Michigan. The news is good for prospective Chapter 7 Bankruptcy filers as the median incomes for households of various sizes have increased slightly—meaning that you can earn a little more money than previously and still be eligible for Chapter 7.

  • Household of 1: $45,056.00
  • Household of 2: $51,660.00
  • Household of 3: $60,313.00
  • Household of 4: $72,454.00

(Add $7,500.00 to median for every household member over 4.)

If you are a southeast Michigan resident and are considering filing for bankruptcy, please contact me at john@hillalaw.com or (866) 674-2317 to schedule a free, initial consultation.

2 responses to “New Means Test Numbers for Michigan for May 1, 2012

  1. Pingback: Do I Have to Include my Annual Bonus in the Chapter 7 Bankruptcy Means Test? | Michigan Bankruptcy Lawyer

  2. Pingback: Can I Still Provide Financial Assistance to Elderly Relatives if I File Chapter 7 or Chapter 13 Bankruptcy? | Michigan Bankruptcy Lawyer

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