Income calculation for last 6 months- earned or paid?

PVS

Member

Bankruptcy Newbie

Joined: Sep 2009

Posts: 33

State: Utah
#1

Income calculation for last 6 months- earned or paid?

10-18-2009, 06:24 PM

For purposes of the income test, do I calculate income based on earned or paid date? In other words, April was my last good income month, but some commissions were paid in May. Do I include the income on the date paid or earned?
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justbroke

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Bankruptcy Wizard

Joined: Jul 2008

Posts: 23287

State: Florida
#2

10-18-2009, 06:38 PM

Originally posted by PVS View Post

For purposes of the income test, do I calculate income based on earned or paid date? In other words, April was my last good income month, but some commissions were paid in May. Do I include the income on the date paid or earned?

For purposes of the income test, it is when you are actually paid. So, you would include commissions paid in May.

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