Updated means test numbers – effective November 1, 2012

The new means test numbers went into effect on November 1, 2012.

Here is a link to the updated median incomes for the means test:

http://www.justice.gov/ust/eo/bapcpa/20121101/bci_data/median_income_table.htm

There was a slight decrease in the median income for household sizes of 1 and 2 in Minnesota. This means that it may be more difficult for some people to qualify for a Chapter 7 bankruptcy in Minnesota. There was, however, a slight increase in the median income for household sizes of 3 people and up, making it a little easier for others to qualify for a Chapter 7 bankruptcy in Minnesota.

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