Seen a Bankruptcy Lawyer today and have many questions.....

[LadyInTheRed]

I'll look that up now....Thanks

EDIT:

Just did the MeansTest and I must be doing a different one as I don't see a line 55 of 22c on there at all.
Line 26 states:
Mandatory payroll deductions
Enter the total average monthly payroll deductions that are required for your employment, such as mandatory retirement contributions, union dues, and uniform costs. Do not include discretionary amounts, such as voluntary 401(k) contributions.

There are 2 separate means tests. From B22A is for Chap 7. Form B22C is chapter 13. Here's B22C: http://www.uscourts.gov/uscourts/Rul..._022C_0410.pdf. How does your DMI come out using that form?

ETA: Form B22C isn't actually called a "means test", but it's what you use in a Chap 13 instead of the means test.

[Guest123]

There are 2 separate means tests. From B22A is for Chap 7. Form B22C is chapter 13. Here's B22C: http://www.uscourts.gov/uscourts/Rul..._022C_0410.pdf. How does your DMI come out using that form?

ETA: Form B22C isn't actually called a "means test", but it's what you use in a Chap 13 instead of the means test.

I'm stuck on question 50!
I have the current multiplier in AZ is 9.80%, but not sure what to put into projected ch13 plan payment. I entered what my payment would be and it list we have DMI of -$1220 (thats negative)

I must have did something wrong.

[gman]

I'm stuck on question 50!
I have the current multiplier in AZ is 9.80%, but not sure what to put into projected ch13 plan payment. I entered what my payment would be and it list we have DMI of -$1220 (thats negative)

I must have did something wrong.

use this online/free means test calculator

http://www.legalconsumer.com/bankruptcy/nolo/state.php?st=AZ

[Guest123]

use this online/free means test calculator

http://www.legalconsumer.com/bankrup...tate.php?st=AZ

This is the one I have done many times.

[FishersMike]

Projected plan payment would be all the secured property you are going to keep (divide by 60 months) and any priority debts like tax or attorneys fees. Basically what you would be paying other than the un-secured lenders. Then you add the Trustee's percentage and get a total payment.

However I believe from everything I have read, if your schedule J does not have funds to support you can make the plan payment at least, then you run into problems. You need to make it work where you can fund your plan to pay at least the secured creditors within 60 months.

[LadyInTheRed]

This is the one I have done many times.

I think you can use the figure from line 45a of the Chap 7 form B22A, in line 50a of the Chap 13 form B22C, but I'm not certain. The text on line 45a of form B22A has the following formula: line 42 + line 43 + line 44 + 1/60 of line 54. So, compare the two forms and find the corresponding lines on B22C, to come up with the formula to use on B22C, line 50a.