Updated Median Income Levels

With the exception of a household of one (single person, no dependents), the median income levels are dropping effective November 1, 2011.  This means that households making $XXX are more likely to qualify for Chapter 7 before November 1 than after.  The new numbers (for Wisconsin only) are listed below:
Household Size: 1       2        3         4          +1
Before 11/1 $41,150 $56,080 $66,256 $77,438 +$7,500
After 11/1 $41,880 $55,671 $64,724 $76,117 +$7,500
Also, remember that the court’s filing fees are increasing by $7 effective November 1, 2011, as well.  Chapter 7 fees are increasing from $299 to $306, and Chapter 13 fees are increasing from $274 to $281.