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WHAT IS MIDDLE CLASS IN 2024? Aka Do I qualify to file Ch7 bankruptcy in NY & get a Fresh Start?

Updated: May 10


An open notebook with a pen on it. the book is clean empty.

You may find it interesting to know that a $100,000 salary in NYC feels more like $36,000 in several metro areas across the United States (according to a recent NY Times article). In other words, middle class is not what it used to be in 2024. 

This means more honest, hardworking people are eligible to file Ch7 bankruptcy in NY, and get a fresh start, than we think.


Let's see how this phenomenon actually breaks down in terms of Ch7 eligibility in NYC........


MIDDLE CLASS  is actually... UPPER POOR $53,413-$106,827

*Eligible for a Fresh Start


UPPER MIDDLE CLASS is actually... SURVIVING $106,827-$373,894

*Eligible for a Fresh Start


RICH is actually...              MIDDLE CLASS $373,894 & UP

*NOT Eligible for a Fresh Start


If you're feeling a little overwhelmed by the  information provided above, no worries! Upper poor and Surviving families can get a stronger hold of their finances by exercising their constitutional right to financial freedom, and filing Ch7.


While you contemplate whether Ch7 bankruptcy is be a good financial move for you, your family, or someone you know, here's a list of things you can do on a “NO SPEND DAY” in NYC........


  1. Write a sweet letter to a loved one (or several)

  2. Create a bucket list (or update your old one)

  3. Anything creative (draw, color, dance, whatever makes you smile)

  4. Read a cute tool-book (@HetHruPublishing tool-books are my fav)

  5. Find a free, local, outdoor event at EventBrite online & get some sun! 

  6. Snuggle up with a cup of chamomile or raspberry tea (organic only)

  7. Rewatch your favorite movie(s) & remember what you love about it

  8. Learn how to cook a new, healthy meal and try it!










About the Author



Kiva V. Waters, a seasoned consumer protection lawyer specializing in bankruptcy law, has been dedicated to serving human needs since 2010. Founding WATERS LAW GROUP, her firm addresses bankruptcy-related concerns while also catering to elite leaders, thinkers, and creators.

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