When using the NOLO Means Calculator, your 'Total Deductions for Debt Payment' amount includes the Average Monthly Administrative Expense of Chapter 13 case as part of the amount for determining your 'Total of All Deductions'.
When reading through the Line by Line instructions on the Means Test here: http://www.justice.gov/ust/eo/bapcpa...ne_by_line.pdf; it never really says whether this computation is only for those going into Chapter 13 or if it is simply a given formulaic number that is part of a Chapter 7 filer's deductions for Means Testing purposes.
My attorney's office sent me the PDF file of my Means Test that they had computed to compare to my attempt at a Means Test after our last meeting. Their server had 'lost' the newest update to Best Case just before my visit thus precipitating my receiving it via e-mail. They have 0.00 in the field for Line 45 whilst the NOLO Calculator has the calculated Administrative Costs based on lines 42, 43, and 44 multiplied by the current multiplier for my district.
This number can be fairly large if you have a mortgage and cars and other secured debt and I was thinking that if you are trying to decide whether or not to file bankruptcy, it may make you confident of being able to file a Chapter 7 when you truly can't. According to the attorney's calculations, I am still able to file Chapter 7 without it BUT it is driving me crazy in not knowing this information.
So which is correct? On the 22A, does a Chapter 7 filer list the hypothetical cost or not when computing the 'Total Deductions for Debt Payment" on line 46?
Apologies if this is already asked and answered somewhere else on the forum - I did search and did not find it elsewhere.
~V~
When reading through the Line by Line instructions on the Means Test here: http://www.justice.gov/ust/eo/bapcpa...ne_by_line.pdf; it never really says whether this computation is only for those going into Chapter 13 or if it is simply a given formulaic number that is part of a Chapter 7 filer's deductions for Means Testing purposes.
My attorney's office sent me the PDF file of my Means Test that they had computed to compare to my attempt at a Means Test after our last meeting. Their server had 'lost' the newest update to Best Case just before my visit thus precipitating my receiving it via e-mail. They have 0.00 in the field for Line 45 whilst the NOLO Calculator has the calculated Administrative Costs based on lines 42, 43, and 44 multiplied by the current multiplier for my district.
This number can be fairly large if you have a mortgage and cars and other secured debt and I was thinking that if you are trying to decide whether or not to file bankruptcy, it may make you confident of being able to file a Chapter 7 when you truly can't. According to the attorney's calculations, I am still able to file Chapter 7 without it BUT it is driving me crazy in not knowing this information.
So which is correct? On the 22A, does a Chapter 7 filer list the hypothetical cost or not when computing the 'Total Deductions for Debt Payment" on line 46?
Apologies if this is already asked and answered somewhere else on the forum - I did search and did not find it elsewhere.
~V~
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