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Under the Bankruptcy Law passed in 2005, to qualify for a Chapter 7 bankruptcy, you must first pass the Means Test. The first step to see if you qualify for a Chapter 7 bankruptcy is to determine if your gross income for the last 6 months is above or below the Median Family Income for your household size in the state you live in. The Median Income numbers are updated by the U.S. Census Bureau periodically which changes the initial qualification numbers for bankruptcy purposes.
Read More About Filing Bankruptcy in St. Louis - New Median Income Amounts...