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    Just bought a car!

    At the advice of our attourney we just purchased a car. Bringing our DMI income down from 659 to 319. What strange feeling!!! I found a few other things that needed some adjusting hoping it brings us down to 78 DMI in the end. I have a question about the means test. She stated we were over by 659 on Schedule J, however we were over on the means by 300. How will purchasing a vehicle change the means test. I understand Schedule J, but not the means.

    Thanks

    #2
    Did you remember to include the insurance, registration, and operating costs of the new car too?
    attorney consult and decided to file, 02/15/2010
    no-asset Chapter 7 filed, 03/11/2010
    341, 05/10/2010
    discharged, 07/13/2010

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      #3
      Yes! Calling the insurance company today. All other figures were already added. How will this effect the results of the means test?

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        #4
        You will be able to deduct the (transportation ownership/lease expense) as well as (transportation; vehicle operation/public transportation expense) on the means test

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