The U.S. Trustee Program will apply the median family income data to all cases filed on or after February 1, 2008. This median family income data will be adjusted again after the Census Bureau updates the data.
For New Jersey, for cases filed after March 15, 2011 the median income for a single wage earner is $59,060; for a family of two, it is $70,680; for three, $85,573; and for four, $101,106. Add $7,500 for each individual in excess of 4.
You must obtain approved credit counseling before you can file bankruptcy and file any overdue tax returns within weeks of filing a Chapter 7 bankruptcy.