Guidance for Consumers Thinking About Bankruptcy

Tag Archives: Median Income

How big is my “household” and why does the Bankruptcy Court care?

If you file for bankruptcy in Connecticut or anywhere else, then one piece of information you need to know is your “household size.” Why is household size so important?  Because of the Means Test. Under the Means Test, you can file for Chapter 7 bankruptcy only if your monthly income is below the monthly median… Continue Reading