Chapter 7 Bankruptcy Vermont Income Limits 2024

Check the South 2024 Chapter 7 bankruptcy income limits for Vermont below. Please use the calculator to use the most recent figures as the numbers often update in May and November
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.

This Vermont’s means test calculator can be used to evaluate whether or not you could qualify for a chapter 7. This utilizes updated income limits (found in the table below or referencing this site). Keep in mind, these limits tend to update twice a year or so. 

If you are noticing you have more members in your household than what is included in the below, you can add an additional $9900 per person.

# of PeopleAnnual Income
1$65,712
2$88,215
3$111,980
4$132,356
5$142,256
6$152,156
7$162,056
8$171,956
9$181,856

Vermont 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 Vermont! 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 8, 2024
Federal Bankruptcy Exemptions: 5 Things You Need to Know

Understand what are the exemptions when you file for bankruptcy.

Read story
May 8, 2024
See How Chapter 7 May Be Able to Save For Retirement

A Chapter 7 Bankruptcy can help relieve your debt to help you start saving for retirement while other debt relief options may not help in this area.

Read story
May 8, 2024
How Long Does It Take To File Chapter 13 Bankruptcy?

Filing for debt relief under Chapter 13 can take just a few days or a few weeks, depending on how quickly you complete the steps for filing Chapter 13.

Read story