The bankruptcy means test median household income numbers for Michigan have been udpated, effective 11/1/2011. The new household median incomes are:
- 1 person household: $43,677
- 2 person household: $50,079
- 3 person household: $58,467
- 4 person household: $70,237
For each individual in a household over 4, $7500 is added to the median.
This is a slight increase over the prior numbers and may enable more people to qualify for Chapter 7 bankruptcy.
If you are a southeast Michigan resident and are considering filing for bankruptcy, please contact me at (866) 674-2317 or firstname.lastname@example.org to schedule a free, initial consultation.