The median income for Chicago bankruptcy cases will be adjusting again!! The IRS and US Bankruptcy court uses the median income level to determine what chapter a bankruptcy debtor is eligible for. These numbers are adjusted periodically. Unfortunately, these numbers are going down, effective November 1, 2023.
Household Size: 1 2 3 4
Current: ILLINOIS $67,102 $84,892 $101,951 $122,289
For Each additional household member – add $9,900