Tuesday, March 16, 2010

Updated Oregon Median Family Income Figures

As of March 15, 2010 there are new median income figures to determine whether a debtor in bankruptcy will be subject to the means test. The new figures, as of March 15, 2010 are:


 $42,344 for a household of 1;
$55,820for a household of 2;
$62,608 for a household of 3;
$72,408 for a household of 4;
$79,308 for a household of 5;
$86,208 for a household of 6;
$93,108 for a household of 7;
$100,008 for a household of 8;
If your household is larger than 8, add an additional $6,900 for each member over and above $100,008



If a debtors family income falls above these figures, then they will need to complete a means test to determine if they are eligible for a Chapter 7 bankruptcy in Oregon.


For more bankruptcy information visit us at www.pacificbankruptcy.com