Someone should be able to tell me if this is accurate. I foundthis formulaon another forum for determining if you have enough disposable income to be forced into a Chapter 13. Does it sound about right to you?
Take your total unsecured debt (mine is $75,000) and divide by 3 (years)
25000
Divide again by 12 =2083.33
Then multiply by 30%
2083.33 X 30% = 624.99
Supposedly according to these calculations you (I) should not have more than this amount (624.99) of disposable income after necessary expenses or you will be put into a Chapter 13. Does this sound plausible to you.
As it stands right now, I am $160 in the hole every month. Can't imagine having that kind of extra money left over and filing for BK.
Take your total unsecured debt (mine is $75,000) and divide by 3 (years)
25000
Divide again by 12 =2083.33
Then multiply by 30%
2083.33 X 30% = 624.99
Supposedly according to these calculations you (I) should not have more than this amount (624.99) of disposable income after necessary expenses or you will be put into a Chapter 13. Does this sound plausible to you.
As it stands right now, I am $160 in the hole every month. Can't imagine having that kind of extra money left over and filing for BK.
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