Means test question.

[broketucson]

Hi All,

Long time lurker first time posting...

Finally filed on Friday and suddenly have a whole new set of worries for some reason! Before I left my attorney on Friday he said "Make sure you can account for any excess income above your wages because the trustee will ask" and this got me to thinking...

Our 6 month average monthly income is $4912

Our median for our area is $5172

We are under the median BUT the last few months have been big with a bunch of small deposits from selling little stuff on Craigslist and some side work we picked up along the way. Is the trustee going to want an accounting of every penny?

Our income looks good up until this month and the trend is pointing back down... I am scared this will cause flags from the trustee. Anyone had a similar situation?

Thanks in advance..I am SOOOO glad I found this place!

[backtoschool]

If you are under the median in your six month look back period, then you meet the means test. Selling stuff on ebay is not going to raise any red flags with the trustee. Lot's of people who file for bankruptcy sell stuff to make some money for expenses, lawyer's fees, etc.

[coolmom04]

Lot's of people who file for bankruptcy sell stuff to make some money for expenses, lawyer's fees, etc.

I know I am!!

[broketucson]

Thanks guys.. So generally the trustee will understand? I wonder why my attorney made it sound so important as to the details of each deposit. I was selling stuff like crazy and it was all cash so not alot of records were kept except for the deposits.

[justbroke]

This is in case the Trustee looks at you bank statements and see "large" amounts of money moving in and out of the account. (I won't define "large" because it's subjective.) Your attorney is just saying to be prepared.