New Bankruptcy Guideline Figures

Posted on February 1, 2008 
Filed Under Pittsburgh Legal Matters

The United States Department of Justice has released new Median Income Figures. This is the sixth time since the adoption of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) that the figures have been adjusted.The figures are applicable to all cases filed on or after February 1, 2008.For the Commonwealth of Pennsylvania, new median income figures are as follows:1 Earner - $43,166
2 Persons - $50,628
3 Persons - $63,491
4 Persons - $76,182$6,900 is to be added for each individual in excess of 4The old figures were:1 Earner - $41,971
2 Persons - $49,226
3 Persons - $61,733
4 persons - $74,072

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