ok I have a ? in the means test do they use your gross income or what u actually take home. I printed out my means test using pacer and they used gross from our 2005 tax. I thought the means test used your 6 month income prior to filing. I no longer work and husband took a paycut so it is totally differ than last year. any idea?
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It's supposed to be the last 6 months of actual earned income prior to your filing date. Then that number gets doubled to determine your annual gross to compare to the Annual Median Income Chart. That's gross.Originally posted by notme
Then they start deducting allowable expenses. Cell phone, internet, auto ownership and operation costs, any priority payments. Also, any payroll deductions you have such as insurances, retirement savings/401K contributions. Until you get to the your actual disposable income at the end.Filed Ch 7 - 09/06
Discharged - 12/2006
Officially Declared No Asset - 03/2007
Closed - 04/2007
I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.
Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...
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