Recent Credit Card Charges

[StartingOver08]

You bring all your check stubs and bank statments to your attorney.

[guitarman1908]

sorry for so many questions. Is the means test gross income or net?

[mintz]

If you do not do direct deposit and your bank statement does not reflect your entire income, should you be honest and tell them that your spouse made an additional $1000 a month for the past 6 months.

[justbroke]

If you do not do direct deposit and your bank statement does not reflect your entire income, should you be honest and tell them that your spouse made an additional $1000 a month for the past 6 months.

Um, yes!!! Especially if it's being reported to the IRS. They use your tax returns to validate.

[exhausted]

According to Texas law we make about $10,000 above the means. Does that mean they will make us do a Chapter 13?

I live in TX too, and mine and my husband's income was above the median. We were able to file chapter 7. IIRC, I have seen people on here who were well above the median and were able to file 7. As already mentioned, whether you go 7 or 13 depends on what your disposable income is. Even though we were above the median, after our expenses were added up, we had -$46/month.

[mintz]

What is disposable income?

[justbroke]

What is disposable income?

It's based on a formula used to calculate what you can contribute to unsecured creditors in a Chapter 13 Plan.

It's officially called "disposable monthly income".

[jessegirl]

Mintz - PLEASE be honest and do not try to hide anything. Believe they will find out and that will be major for you. By you hiding the extra 1000.00 will only come back to bite you in the azzz.

[mintz]

I will be honest with them. Sometimes we do dumb stuff