Ch. 7 Schedule J and Means Test
Ok, here's a weird question. What if you meet the means test with flying negative numbers but end up with a positive monthly net income in Schedule J? Does Schedule J have to show a negative net income to qualify for Ch. 7?
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That's where "totality of circumstances" comes into play. If you still show disposable income on your schedules then the UST can still force you into a Ch 13.Filed Ch 7 - 07/10/08
341 Meeting - 08/13/08
DISCHARGED! - 10/15/08
CLOSED - 10/20/08 -
You need to have about $100 left after all your expenses of schedule J. Usually chapter 7 lawyers are excellent at guiding people on how to fill the forms.
Are you working with an attorney? ... Has he suggested tweaking your numbers? .... remember people facing bk are sometimes terrible at anticipating predictable costs (as in we don't anticipate them very well). This is one place where a decent bk attorney earns his money--knowing just how you should fill out those forms to qualify for a 7.Comment
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