New York City Means Test: Do You Qualify for Chapter 7?

The means test determines whether you can file Chapter 7 bankruptcy. Your income is compared to the median income in New York for your household size. New York has among the highest median incomes in the nation, which means more residents qualify.

This page provides general educational information, not legal advice. Consult a qualified attorney for advice about your specific situation.

The means test is a calculation required for Chapter 7 bankruptcy that compares your income to the median income in your state. If your income is below the median for your household size, you automatically qualify for Chapter 7. If above, you must pass a second calculation that factors in your allowed expenses.

What Is the Means Test?

The means test was introduced by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA). Its purpose is to determine whether a debtor's Chapter 7 filing constitutes an "abuse" of the bankruptcy system based on income.

The test works in two parts:

  • Part 1 - Income comparison: Your average monthly income over the past six months is compared to the median income for your household size in New York. If you are below median, you qualify for Chapter 7 automatically.
  • Part 2 - Disposable income calculation: If you are above median, the test subtracts allowed expenses from your income. If your remaining disposable income is too low to fund a meaningful Chapter 13 plan, you still qualify for Chapter 7.

2026 New York Median Income Thresholds

New York's high cost of living translates to higher median income figures, which means the means test threshold is higher than in most states. More New Yorkers pass Part 1 automatically.

Household SizeAnnual Median IncomeMonthly Equivalent
1 person$66,973$5,581
2 persons$85,474$7,123
3 persons$103,286$8,607
4 persons$124,598$10,383
Each additional personAdd approximately $9,900

New York City filers are in the Southern District of New York. Courthouse: One Bowling Green, New York, NY 10004.

New York Exemption Choice: State vs. Federal

New York is one of the states that allows debtors to choose between the state exemption system and the federal exemption system under 11 U.S.C. section 522(d). You cannot mix and match - you must use one system entirely.

This choice can significantly affect the means test calculation in Part 2, because allowed deductions differ between the two systems. An experienced bankruptcy attorney will calculate both options to determine which protects more of your property and produces a better means test result.

New York State Exemptions

  • Homestead: $179,975-$215,550 (varies by county)
  • Vehicle: $4,825 per person
  • Wildcard: limited
  • Better for homeowners with significant equity

Federal Exemptions

  • Homestead: $27,900 (individual)
  • Vehicle: $4,450 per person
  • Wildcard: $1,475 + up to $13,950 of unused homestead
  • Better for renters or those with low home equity

Step-by-Step Means Test Walkthrough

1Calculate your current monthly income (CMI)

Add up all income from all sources for the six full calendar months before your filing date. Divide by six to get your average monthly income. Multiply by 12 for your annualized figure. Sources include wages, salary, tips, bonuses, overtime, self-employment income, rental income, pension, disability (non-Social Security), alimony received, and any other regular income.

2Determine your household size

Count everyone living in your household who depends on your income. This typically includes yourself, your spouse (even if not filing jointly), and dependent children. In multi-generational households common in New York City, this determination can be especially important.

3Compare to median income

Compare your annualized CMI to the New York median income for your household size (see table above). If your income is at or below the median, you pass the means test and qualify for Chapter 7. No further calculation is needed.

4If above median: Calculate allowable deductions

If your income exceeds the median, you proceed to Part 2. You deduct IRS-approved living expenses, actual secured debt payments (mortgage, car loans), priority debts, and certain other allowed expenses. New York City's high housing costs and commuting expenses can significantly reduce disposable income in this calculation.

5Calculate disposable income

Subtract your total allowed deductions from your CMI. Multiply by 60 (representing a 5-year Chapter 13 plan). If the result is less than $9,075, you pass. If more than $15,150, you fail. Between those amounts, further analysis is needed.

6File the appropriate form

The means test is filed on Official Form 122A-1 (Chapter 7 Statement of Your Current Monthly Income) and, if needed, Form 122A-2 (Chapter 7 Means Test Calculation). Your attorney will prepare these forms as part of your petition.

What Happens If You Fail the Means Test?

Failing the means test does not mean you cannot file bankruptcy. You have several options:

  • File Chapter 13 instead: Chapter 13 has no means test. You repay debts over 3-5 years while keeping your property.
  • Challenge with special circumstances: Rebut the presumption of abuse by documenting serious medical conditions, military service, or factors that justify additional expenses. New York's high cost of living can support these arguments.
  • Wait and refile: Since the means test uses the six months before filing, you may qualify later if your income decreases.
  • Re-examine deductions: An experienced attorney may find overlooked deductions - health insurance, mandatory retirement contributions, childcare, education expenses.
  • File Chapter 11 Subchapter V: For small business owners, Subchapter V may be an option.

Multi-Borough Considerations

New York City bankruptcy cases are filed in the Southern District of New York. All five boroughs fall within the S.D.N.Y., though cases may be assigned to different courthouses:

  • Manhattan and the Bronx: One Bowling Green, New York, NY 10004
  • Westchester County and surrounding: 300 Quarropas St, White Plains, NY 10601

Regardless of which borough you live in, the same New York state median income figures and exemptions apply. The S.D.N.Y. has its own local rules that may affect filing procedures, trustee assignments, and hearing schedules.

Frequently Asked Questions

What is the bankruptcy means test?

The means test compares your income to the median income in New York for your household size. If below, you qualify for Chapter 7 automatically. If above, a second calculation factors in allowed expenses. Learn more about the means test.

What is the median income for the means test in New York in 2026?

The 2026 New York thresholds are: 1-person $66,973, 2-person $85,474, 3-person $103,286, 4-person $124,598. Add approximately $9,900 for each additional person.

Can I choose federal or state exemptions in New York?

Yes. New York allows debtors to choose between state and federal exemptions under 11 U.S.C. section 522(d). You cannot mix and match. An attorney can determine which system protects more of your property.

What happens if I fail the means test?

You can file Chapter 13 instead (no means test), wait until your income drops, challenge with special circumstances, or re-examine deductions. Failing does not mean you cannot file bankruptcy.

Does the means test apply to Chapter 13?

No. The means test does not apply to Chapter 13. However, your income level determines whether your Chapter 13 plan lasts 3 years (below median) or 5 years (above median).

What income counts for the means test?

All income from all sources over the six months before filing, including wages, salary, tips, bonuses, overtime, business income, rental income, pension, and unemployment. Social Security benefits are excluded from the initial median income comparison.

Check Your Eligibility

Use the free 1328(f) screener to check whether a prior discharge affects your eligibility for a new bankruptcy discharge.

Free Discharge Screener Means Test Guide

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