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What does DMI mean?

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    What does DMI mean?

    Quick question, what does DMI stand for? I guess it's something you must pass after means test?

    #2
    Disposable, monthly income.

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      #3
      Yep, whatever you have leftover after you earn (Schedule I) and pay expenses (Schedule J). If your DMI x 60 months = 25% or more of your total non-priority unsecured debt, you could be pushed into a Chapter 13.

      "Multiply non-priority unsecured debt by 25%

      If the disposable monthly income (DMI) multiplied by 60 is less than 25% of the debtor’s unsecured non-priority debts, then the debtor passes the means test.
      If the disposable monthly income (DMI) multiplied by 60 is more than 25% of the debtor’s unsecured non-priority debts, then the debtor fails the means test and can only file chapter 7 by showing special circumstances."
      Filed pro se, made it through the 341, discharged, Closed!!!

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