Disposable Income

[roger_221]

Has anyone ever filed and it comes out that their disposable income is negative per month? What happens then?

[DeadManCrawling]

If it truly IS negative, you won't be able to sustain a chapter 13.

You may want to double check all your numbers. Originally, I arrived at a negative 4000 per month, only to realize I had misread parts of the means test.

If you really ARE negative, you need to step back and take a look at the reasons why and make some hard choices. Obviously, you cannot sustain a life and a chapter 13 plan on negative income. So you would have to look at ways to either improve the income or cut expenses.

If you have assets that are eating you alive (expensive mortgage, or expensive loans for autos, etc.) it might be time to reassess how important those things really are. If you don't we will likely see you back here sooner than you woud like.

I don't mean to be harsh, and don't want to sound judgmental, so please don't take it that way. But if you want to find financial security, hanging onto the very items that make it impossible will not get you closer to the goal.

If there are large medical payments calculated in your figures, or unsecured debts, remember, those debts will be discharged and not included in your figures. My own income showed negative partially as a result of initially including my current debt payments in the means test. They can't be included because, of course, you will no longer be paying them.

post a little more info, and I am sure people will answer as best we can.

Best wishes,

-dmc