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Means test and savings

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    Means test and savings

    If you supplemented your income with your money market for 3 months during the look back for chapter 7 and it’s now gone do they count it
    Last edited by Flgranny; 03-16-2024, 03:19 PM.

    #2
    I don't believe the principal from a money-market account is income for purposes of the Means Test. Now the earnings/interest on an MMA would be income. It would make me wonder if the earnings were too negligible for purposes of the Means Test. Especially over just 3 months.

    That's just my thought on that.
    Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
    Status: (Auto) Discharged and Closed! 5/10
    Visit My BKForum Blog: justbroke's Blog

    Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

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