New Bankruptcy Median Income Standards

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At Sadek Bankruptcy Law Offices, we realize that every situation is different. Our debt relief lawyers will take the time to learn about your situation and your goals. Our objective is to explain your legal options and offer the best debt relief strategy for you in the most compassionate and friendly manner possible. Call 24/7 to schedule your meeting with a lawyer.

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In addition to our primary law office in Center City, Philadelphia, we also have law offices throughout the Greater Philadelphia, Pennsylvania Area and in New Jersey. Our branch offices have contributed to making us the #1 Bankruptcy Filer and debt relief firm in the Greater Philadelphia area. Our goal is to have a convenient location within 20 minutes of where our clients work or reside.

New Bankruptcy Median Income Standards

On November 10, 2011, new median income standards for Pennsylvania were released.  These figures are important because if the household income, based on family size is lower than the median income, there is no presumption of abuse in a Chapter 7 Bankruptcy.  Further, depending on the situation a Petitioner may be eligible for a three year plan in Chapter 13 Bankruptcy.  Although the following median income standards are very important there are numerous other factors needed to determine whether an individual or marries couple qualifies for bankruptcy protection, and if so, what Chapter of the Bankruptcy Code would be most beneficial.

Pennsylvania Median Incomes:

One person Household Median Income: $45,092

Two Person Household: $53,091

Three Person Household: $66,487

Four Person Household: $76,682

If there are any general questions or topics you would like to read about relating to bankruptcy law in the Eastern Pennsylvania region, you may contact the Bankruptcy Lawyers at Sadek Law Offices, LLC at 215-545-0008 or 610-432-3111 or email brad@sadeklaw.com. Thank you.

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