I posted this a couple of years back and realized that we need some updated numbers. Here is the original blog post: What are the median income figures for bankruptcy in Utah (February 2015)?
Basically, if you are over, then you are a chapter 13. If you are under, then you are a chapter 7. median income. These are GROSS numbers (that means your income before we take out taxes, health insurance, or anything else).
Now remember that these numbers can be adjusted by child support payments (received or made), larger mortgages, huge tax debt, etc. So, it is a gross overgeneralization to say that if you are over that figure then you MUST be a chapter 13, but this is the baseline we start with. That being said, here are the current figures for Salt Lake County that we use on our Form 122A Current Monthly Income and Means Test for Chapter 7 (6 month average of current monthly income and disposable income):
Single: $56,638
Married: $62,903
Married with 1 child: $71,047
Married with 2 children: $79,710
Married with 3 children: $88,110
Married with 4 children: $96,510
Married with 5 children: $104,910
Married with 6 children: $113,310
Married with 7 children: $121,710
Married with 8 children: $130,110
Married with 9 children: $138,510
Married with 10 children: $146,910
Married with 11 children: $155,310 (I have 11 children, and this is where I fit on the table).
This post first appeared on Robertspaynelaw.com My Utah Bankruptcy Blog | Copy, please read the originial post: here