Chapter 7 Income Eligibility Changes
admin2025-05-19T19:28:03+00:00Chapter 7 income eligibility got slightly easier on April 1, 2025 If you are making less than the median income, you have income eligibility to file Chapter 7 bankruptcy. Those eligibility numbers adjusted up, April 1, 2025. For Virginia, eligibility is automatic for singles under $77,420, and a family of 4 under $145,585. What if I’m over the median income? You can still pass the “means test.” You can still be eligible for Chapter 7 if you are over the median income cutoff. But you have to pass the means test. The means test is a way of looking at your [...]