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Question about Converting from a Chapter 13 to a Chapter 7

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    Question about Converting from a Chapter 13 to a Chapter 7

    Filed a Chapter 13 in 2010. I lost my job, and we are down to only 1 income now. I know that my income will be counted for the 6 month look back, but looking forward for schedules I and J - since I am no longer working, will they compute DMI using only the current 1 income? I have been looking since I knew that my position was being eliminated, but so far no luck. I have no unemployment either, so barely treading water here.

    #2
    Originally posted by Dj1995 View Post
    I know that my income will be counted for the 6 month look back, but looking forward for schedules I and J - since I am no longer working, will they compute DMI using only the current 1 income?
    Yes. Due to the Lanning decision it should be look forward approach regarding your current and anticipated income and expenses.
    ~~ Filed Over Median Income Chapter 7: 12/17/2010 ~~ 341 Held: 1/12/2011 ~~ Discharged: 03/16/2011 ~~
    Not an attorney - just an opinionated woman.

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