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2017 Income Limits

Most individual debtors filing for bankruptcy relief are required to complete a version of Bankruptcy Form 122 and will be asked to fill in the median income for their states and sizes of household as part of the bankruptcy means test. State median income data is published by the United States Census Bureau and, pursuant to 11 U.S.C. § 101(39A)(B), is further adjusted early each calendar year based upon the Consumer Price Index for All Urban Consumers (CPI).

The state median income can have a significant impact on a Chapter 7 bankruptcy case because there is a presumption of abuse of the Bankruptcy Code for debtors whose current monthly income exceeds the state median. Such presumptions, however, can be overcome if the debtor has primarily consumer debts, qualifies for a military service provision, or has other types of certain expenses that diminish his or her current monthly income.

Attorney in Cincinnati, OH Discusses 2017 Income Limits

Are you concerned about not being able to file for Chapter 7 bankruptcy because of state median income limits? You should contact Steiden Law Offices for help regaining your financial well-being.

Our experienced Cincinnati bankruptcy lawyers represent clients in Northern Kentucky and Southern Ohio. They can provide an honest and thorough evaluation of your case when you call to arrange a free initial consultation.

Overview of 2017 Income Limits in Northern Kentucky

• What are the 2017 median income limits in Ohio?
• What are Kentucky's 2017 median income limits?
• Where can I find more information about 2017 income limits in Cincinnati?

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Ohio 2017 Income Limits

According to the Census Bureau, the median family incomes by family size for cases filed in Ohio on or after May 1, 2017 are as follows:

Debtors can add $8,400 for each individual added to the family size in excess of four.

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Kentucky 2017 Income Limits

The Census Bureau has established the following median family incomes by family size for cases in Kentucky filed on or after May 1, 2017:

Again, debtors are allowed to add $8,400 for each individual in excess of four.

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2017 Income Limits Resources in Ohio

Means Testing | UST | Department of Justice — Visit this section of the Department of Justice website to find information about median family income based on state/territory and family size. You can also learn more about National Standards for minimum allowances for five necessary expenses (food, housekeeping supplies, apparel and services, personal care products and services, and miscellaneous) as well as out-of-pocket health care expenses including medical services, prescription drugs, and medical supplies (e.g. eyeglasses, contact lenses, etc.). The standards are derived from the Bureau of Labor Statistics (BLS) Consumer Expenditure Survey (CES).

Bankruptcy Information Sheet | UST | Department of Justice — View a sheet that provides general information about what happens in a bankruptcy case. A translated copy of the Bankruptcy Information Sheet is available in Adobe PDF format in the several languages. As this website notes, the United States Trustee assigned to your case is not responsible for giving you legal advice.

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Steiden Law Offices | Cincinnati 2017 Income Limits Lawyer

If you think that you might make too much money to file for Chapter 7 bankruptcy, it will be in your best interest to retain legal counsel. Steiden Law Offices can help identify all of the expenses and deductions that may allow you to have all of your debts discharged in a matter of months.

Our Cincinnati bankruptcy attorneys help individuals in communities all over Hamilton County in Ohio in addition to many others in Boone County and Kenton County in Kentucky. Call or complete an online contact form to have our lawyers review your case and discuss all of your legal options during a free, confidential consultation

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