The income threshold for Iowa can update every 6 months or so.
Are you hoping to see if you qualify for chapter 7 bankruptcy?
You can estimate qualification by taking our Iowa means test calculator. This takes into consideration the income limits which can also be found on this site posted by the DOJ. To help break it down more clearly, we have included the visual below.
Note that the size of your household may be greater than what is included below. If that’s the case, you can add an additional $11,100 to each additional HH member for your limit.
Iowa Means Test Calculator
If you are unsure as to whether or not you may qualify for a Chapter 7 bankruptcy, feel free to take our free Chapter 7 calculator. The calculator was designed with you in mind and is based on the bankruptcy means test forms in Iowa! We want to make sure you understand your eligibility, along with the other options that may be available to you based on your individual situation.