Self Employed ?

[jb300]

I am getting ready to file BK, I am pretty sure it will be 7. I guess I don't understand if they have to determine if it can be 7 or 13, how they can figure out what my income will be and what payments I could make in the future if I don't know myself when that phone is going to ring and I am going to work or not?

How do they handle this?

[kathy4530050]

I am getting ready to file BK, I am pretty sure it will be 7. I guess I don't understand if they have to determine if it can be 7 or 13, how they can figure out what my income will be and what payments I could make in the future if I don't know myself when that phone is going to ring and I am going to work or not?

How do they handle this?

Good question--I've had those same thoughts. My last 6 months income in no way is an indicator of what the next 6 months could be. I am hell-bent on either coming in under the median or passing the means test because there is no way I could survive a Ch 13.

[dogbone33]

They went by my last 6 months. And I am making almost double now. But we are a chapter 7. So idk~

[sunshine mary]

The way they determined income for my self employed husband when we filed last year was by using bank statements and the money that came in and subtracting business expenses for the 6 months prior to filing. It was pretty simple really we just thought it would be difficult because we really never know what his income will be. CH 7 was the best thing we've ever done for ourselves.