Wisconsin Median Income Guidelines 3/15/11

Effective March 15, 2011 the median income in Wisconsin will increase.

Current Figures
Household of 1: $40,486
Household of 2: $55,175
Household of 3: $65,187
Household of 4: $76,188
Add $7,500 for each individual in excess of 4.

Effective March 15, 2011
Household of 1: $41,150
Household of 2: $56,080
Household of 3: $66,256
Household of 4: $77,438
Add $7,500 for each individual in excess of 4.

If you are below the median income you automatically qualify for a Chapter 7 bankruptcy and do not have to take the means test. If you are above the median income and do not pass the means test you may not be able to file a Chapter 7 bankruptcy and will likely have to file a Chapter 13 bankruptcy.

If you have questions about the median income and your household size call or email for a free consultation.