Virginia Median Income.
Virginia Bankruptcy InformationIf your average monthly income for the past six months is below the state median for your size household, you meet the requirements of the "means test" (section 707(b)(2) of the bankruptcy code) to qualify for Chapter 7 Bankruptcy.

NOTE: Median Income standards change as of March 15, 2010).
Persons in Household Monthly   Annual  
1 $4,124   $49,484  
2 $5,216   $62,586  
3 $6,007   $72,078  
4 $7,132   $85,586  
5 $7,757   $93,086  
6 $8,382   $100,586  
7 $9,007   $108,086  
8 $9,632   $115,586  
9 $10,257   $123,086  
10 $10,882   $130,586  

Source: U.S. Trustee, U.S. Department of Justice (for cases after March 15, 2010)


powered by: bankruptcy-widgets.com
(a LegalConsumer.com website)