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Begin by filling in your case identification details, including Debtor 1 and Debtor 2's names, and the case number if known.
In Part 1, calculate your deductions from income. Use the IRS National Standards for lines 6-7 regarding food, clothing, and health care allowances.
For housing expenses in lines 8-9, refer to the U.S. Trustee Program chart for your county to input accurate amounts.
Continue through the form by entering necessary vehicle operation expenses and any additional necessary expenses as outlined in the subsequent sections.
Ensure all calculations are accurate and complete before submitting. If needed, attach additional sheets for more information.
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Official Form 122C-1 (Statement of Your Current Monthly Income and Calculation of Commitment Period) and Official Form 122C-2 (Chapter 13 Calculation of Your Disposable Income) (collectively the 122C Forms) are designed for use in chapter 13 cases.
How to pass the mean test for Chapter 7?
Failing the means test doesnt mean youre stuck It just means Chapter 7 may not be an option for you at the moment. You can still file under Chapter 13, which involves setting up a repayment plan. You can then make periodic payments based on what you can reasonably afford.
What does the IRS consider disposable income?
Generally, these required deductions are federal and state income tax, Social Security, Medicare, other state or local taxes, and any mandatory payments to public employee retirement systems. To calculate disposable earnings, subtract the required deductions from the employees earnings.
means test chapter 7
Form 122c 2 pdfform 122c-1Form 122c 2 onlineForm 122c 2 sampleForm 122c 2 templateform 122c-2 instructionsHow to fill out form 122c 2Form 122A-1 instructions
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Rule 1007. Lists, Schedules, Statements, and Other Documents
(B) if that income exceeds the median family income for the debtors state and household size, file the Chapter 13 calculation of disposable income (Form 122C-2)
Nov 20, 2018 We received the notice that you submitted on behalf of Wonderful Citrus, LLC. (Wonderful Citrus) on May 31, 2018, and filed it on July 2, 2018.
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