Mortgage Expenses on Means Test

[calgirl67]

Hi everyone, Hoping to get some advice:

We are adding up our mortgage expenses for the Ch 7 means test. Do you add what you actually paid ie: wrote checks for OR

Do you add what the bills actually were whether or not you paid them.

For example. We missed Sept's mortgage payment so for the last 6 mths we only physically made 5 mortgage payments.

Thanks!

[backtoschool]

Hi everyone, Hoping to get some advice:

We are adding up our mortgage expenses for the Ch 7 means test. Do you add what you actually paid ie: wrote checks for OR

Do you add what the bills actually were whether or not you paid them.

For example. We missed Sept's mortgage payment so for the last 6 mths we only physically made 5 mortgage payments.

Thanks!

You should put your actual payments on the means test (ie what the monthly statement ask you to pay). The means test is your monthly expenses, so put what is due each month for your mortgage.

[aljohnson007]

School is correct. It is what you are obligated to pay - not what you actually paid.

[OhioFiler]

You should put your actual payments on the means test (ie what the monthly statement ask you to pay). The means test is your monthly expenses, so put what is due each month for your mortgage.

The exception to this of course is a home equity line of credit where the minimum due is the interest only. The statement will read one amount but if you historically pay a greater amount you may claim it as such.