Is takeing an IRA withdrawl considered income

[Joe Farmer]

for the means test? I took money out to pay some bills, I'm not close to retirement age. Anybody been through this question?

[blaze]

in my experience yes - it is considered income. we did the same thing and our attny listed it as income on all the paperwork we filed for our chapter 7.

[diviaruba]

in my experience yes - it is considered income. we did the same thing and our attny listed it as income on all the paperwork we filed for our chapter 7.

Yes, it definitely is. Line 6 of the B22C, Line 7 of the B22A. Six month look-back.

[almost]

I took at my 401k and I waited 6 months before filing. I took it at to pay for a new baby and other housing cost. Planning in a BK can be useful. So yes in is income.