Say your monthly car payments for the 60 month payment plan is $200. The "means-test" DMI formula basically gives you a Car Allowances of $489 max, but it deducts the $200 payment from that. So, in my case the car allowance would be $289. Then, later on in the means test, it still allows for the $200 deduction. Therefore, my DMI basically is based on a deduction of $489 total.
My question is that if my trustee requires my car payments to be paid as part of the plan, do I propose a monthly payment amount equal to my DMI plus the $200? Or is it just the DMI? Or is it the DMI plus $489?
My question is that if my trustee requires my car payments to be paid as part of the plan, do I propose a monthly payment amount equal to my DMI plus the $200? Or is it just the DMI? Or is it the DMI plus $489?
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