Maine Statement of Current Monthly Income for Use in Chapter 11 - Post 2005
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How to fill out Statement Of Current Monthly Income For Use In Chapter 11 - Post 2005?
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FAQ
You can earn a high income and still pass the means test if you have substantial expenses like a hefty mortgage, multiple car payments, taxes, childcare, health care, or care of an elderly or disabled person. However, if your disposable income is more than a certain sum, you will not be able to file.
To pass step 2 of the means test, the debtor would have to record the expenses, including food, clothing and other items, out of pocket health care costs, housing and utilities, and transportation.
North Carolina Bankruptcy Means Test If your income exceeds the income limits for filing for bankruptcy, then the court considers your disposable income after monthly expenses. If your North Carolina means test shows that you don't have any disposable income to pay creditors, you'll qualify for Chapter 7 bankruptcy.
The full Means Test compares the debtor's income to their expenses to determine whether they should benefit from Chapter 7 relief based on their ?disposable income.? Applying the Means Test involves deducting all household expenses from the debtor's gross income, including housing costs, utilities, medical expenses, ...
Form Number: B 122A-2. Category: Means Test Forms. Effective onApril 1, 2022. This is an Official Bankruptcy Form. Official Bankruptcy Forms are approved by the Judicial Conference and must be used under Bankruptcy Rule 9009.