Chapter 7 Bankruptcy New York Income Limits 2025

In New York, the Chapter 7 income limits often update twice per year, so consider checking in May 2025 for potentially more recent figures.
Information in this article does not constitute legal advice, it is for informational purposes only, and may not constitute the most up-to-date information. Readers should contact their attorney for advice on any particular legal matter.

For the state of New York, you can use our below visual to see if you could qualify. It is key to look at your specific household size for what your income limit could be. You may also refer to the DOJ website, but for the purpose of  convenience, we also included a breakdown below. 

This information updates about twice per year. When looking at household size, if yours surpasses the below table, you can add an additional $11,100 to your income limit. The New York means test calculator can also help estimate if you could qualify.

# of PeopleAnnual Income
1$68,795
2$89,052
3$108,589
4$134,443
5$145,543
6$156,643
7$167,743
8$178,843
9$189,943

New York 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 New York! 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.

More News Stories

May 25, 2024
12 Bankruptcy Misconceptions You Must Stop Believing

Bankruptcy can be a great way to get a fresh start when your debt has become unaffordable due to financial hardship. Bankruptcy is for those who have a strong desire to pay their bills, but may not have the ability to pay those bills.

Read story
May 22, 2024
Can You File Bankruptcy While Unemployed With No Job? Understand the process

Yes, you can file bankruptcy while unemployed with no job, but please note that your unemployment income does count as income for the bankruptcy means test.

Read story
May 22, 2024
How To File For Bankruptcy Without A Lawyer in 2024

The United States Bankruptcy Code does not require people to hire a bankruptcy lawyer to file a Chapter 7 bankruptcy case. Cases filed by individuals without attorneys are referred to as “pro se” filings.

Read story