Tag Archives: means test

Florida Means Test Changes Nov. 1, 2014

The Florida bankruptcy means test figures change again on November 1, 2014.  The median income figures both increase and decrease.  For a household of 1, there is a slight increase to $42,036.00;  for a household of 2, a slight decrease to $51,584.00;  for a household of 3, a large increase to $57,052.00;  and for a household of 4, a large increase to $66,461.00.  The median income increases an additional $8100 for each additional member of the household.  Overall, the median income figures have increased.  This means higher incomes will be considered as under median income for purposes of eligibility for chapter 7. (This also affects the length of the required fort lauderdale chapter 13 bankruptcy.  You can contact us to explain the “applicable commitment period” of 3 or 5 years.)

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Florida Means Test Changes April 1, 2014

The median income used for the bankruptcy means test changes on April 1, 2014.   The median income figures slightly increase.  These figures are the starting point for determining eligibility between chapter 7 and chapter 13. The list below is the median income for each household size: 1    $41,939   2.    $ 52,598   3.     $ 54,742   4.   $64,122, and an additional $8100 for each additional person in the household.  These figures will now be used for any Florida bankruptcy including Fort Lauderdale bankruptcy filings.

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New Means Test Figures Effective November 15

The means test figures change nationwide on November 15, 2013.  Cases filed after that date will use new numbers based on US Census Figures.   The median income based on household size changes.  As to a Florida means test,  strangely the income change is lower for household sizes of 1, 3, and 4, but higher as to household size of 2.  The difference is small, except as to a household of 4  the median income is almost $2,000 lower. The median income is as follows: Household size 1        $41,334 Household size 2          51,389 Household size 3          53,952 Household size 4          63,196, plus $8100 for each additional person. A further explanation of the means test and median income can be reviewed at my website by clicking the above Florida means test link.

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