Dmi

[menpace]

How do you figure how much DMI you have? Then how much DMI is enough for a chapter 13. I'm filing for chapter 7 but I guess if need be a chapter 13 wouldn't be so bad either. I am well below the state median for income by 40k but I still worry. I guess its unbelievable to me that aside from bad credit (which I can rebuild after 2-4yrs) they just wipe your debt clear. As nerve racking as it is if and when we get discharged I will be so grateful and relieved!!

[nc73]

i think dmi is income minus expenses, not to include your CC's of course, just normal expenses minus current income. In any case I'm sure being 40k under median your trustee won't blink an eye. I'm below median by 10k but currently don't have enough expenses and just started a new job, but my lawyer said still have a good chance at getting a 7. Don't worry too much!

[justbroke]

If you are $40K under the median, I don't think you have an issue in receiving a Chapter 7 discharge.

You can try Legal Consumer and take the Free Means Test. That at least will give you a Chapter 7 disposable income figure. The Chapter 13 disposable monthly income (DMI) figure is slightly different because a Chapter 13 allows some expenses, such as 401(k) payments, that Chapter 7s don't.

You could always go to the U.S. Bankruptcy Courts website and get Official Form B22C and calculate it yourself.

http://www.uscourts.gov/FormsAndFees/Forms/BankruptcyForms.aspx

[menpace]

Thanks so much, the people on here are so nice! holy crap I'm so glad I have a lawyer to fill out all those forms. I don't know how the people do it with out one. See I had a stroke 5 years ago and wow!