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Get Form 122a 2
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How to fill out the Form 122a 2 online
Filling out the Form 122a 2 online is an essential step for individuals seeking to complete their Chapter 7 bankruptcy process. This guide offers a clear, step-by-step approach to help users accurately complete the form, ensuring compliance and reducing the risk of errors.
Follow the steps to fill out Form 122a 2 online with ease.
- Click ‘Get Form’ button to obtain the form and open it in the editor.
- Provide the case information by filling in the details for Debtor 1 and, if applicable, Debtor 2. Include first, middle, and last names, along with the case number.
- In Part 1, copy your total current monthly income from line 11 of Official Form 122A-1 into the designated field. Ensure this amount is accurate.
- Indicate whether Column B in Part 1 of Form 122A-1 was filled out by selecting 'Yes' or 'No.' If 'Yes,' specify if your spouse is filing with you.
- Adjust your current monthly income by subtracting any portion of your spouse’s income not used for household expenses. List the purposes for which the income is used and the amounts being subtracted.
- Calculate your adjusted current monthly income by subtracting the total from line 3 from the total in line 1.
- In Part 2, begin calculating your deductions. Fill in the number of individuals counted for deductions on line 5.
- Using the IRS National Standards, fill in the amounts for food, clothing, health care, and other necessary expenses in lines 6-23.
- For Local Standard housing and utilities expenses, fill in the applicable amounts based on information for your county.
- Complete lines regarding additional expenses, debts, and any claims of special circumstances as required.
- In Part 3, calculate your monthly disposable income and determine if there is a presumption of abuse by checking the appropriate box.
- Finally, review the entire form for accuracy, sign in the designated areas for Debtor 1 and Debtor 2, and make note of the submission process.
Complete your Form 122a 2 online today for a smoother bankruptcy filing process!
Making a significant income won't stop you from filing for bankruptcy—but it might determine under which bankruptcy chapter—Chapter 7 or Chapter 13—you can wipe out qualifying debt. Your ability to file a particular chapter will depend on your income, and, in some cases, your deductible expenses.
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