Starting March 15, 2010, it will became just a little more difficult for people in Oregon and Washington to qualify for Chapter Seven Bankruptcy. This is so because the median income figures for households ranging anywhere between one and four members have declined over the course of the last few months.
In Washington, a households making more than the median incomes listed below will now have to rebut the presumption that their case should not be filed under Chapter Seven.
- $51,161.00 for a household of one
- $63, 930.00 for a household of two
- $72,275.00 for a household of three
- $82,422.00 for a household of four
In Oregon, households above the incomes listed below
- $42,344.00 for a household of one
- $55, 820.00 for a household of two
- $6268.00 for a household of three
- $82,422.00 for a household of four
This does not mean that if your household income is above any of the new limitations, you will automatically be inelligible for Chapter Seven Bankruptcy relief in the state of Washington. Provided that you have the right kind of expenses, your Oregon or Washington bankruptcy attorney should be able to rebutt the presumption that you cannot file Chapter Seven.http://nwdrlf.com
