Household Size Annual Income Monthly Income
1 $ 69,660 $5,805
2 $ 86,271 $7,189
3 $ 97,021 $8,085
4 $ 113,615 $9,468
5 $ 123,515 $10,293
6 $ 133,415 $11,118
To understand this chart, a single person making less than $5,805 gross per month can in most cases automatically qualify for a Chapter 7 bankruptcy filing.
The gross amount is based on a six month average so that if the person were to file this month, the average would be from September, 2022 – February, 2023. A husband and wife with two minor children would use the numbers for a household size of 4.
Note that just because a person is over the above-described amounts does not necessarily mean that he or she cannot file for Chapter 7 bankruptcy relief. Ever situation is different. There may be offsetting expenses that make the person eligible such as mortgage, car and support payments.