How do I account for temporary layoff on Schedule I

[UpsideDownMI]

My employer informed me in writing that I will be laid off for 2 weeks in July and that I will also be receiving a 10% salary reduction as part of their need to "belt tighten". I plan to file sometime in May. Can I project my income on shedule I, by taking into account the 2 weeks that I will be unemployed? I was thinking of averaging my new salary over 12 months minus the 2 weeks of lay off and listing that amount as my projected monthly income. My thought is that if you average expenses that are not monthly, I should be able to do the same with income. Also, I would bring my letter from my employer to the 341 for the trustee to review.

Is this a good idea? Or would I be better off just noting at the bottom of schedule I, that I will be laid off for 2 weeks. Thanks.

[lrprn]

Is this a good idea? Or would I be better off just noting at the bottom of schedule I, that I will be laid off for 2 weeks. Thanks.

The bk law is really quite rigid about how your total income is figured for Ch 7 - it's your income from all souces during the six full calendar months before you file...no exceptions. There's no adjustments allowed to accommodate known variations in income before or after filing. Thank the 2005 Congress for this grossly unfair portion of the bk law.

Your only option is to adjust your filing date to approximate your true income. Sorry the answer isn't what you hoped.

[JRScott]

As lrprn says wait til after July and the 2 week layoff period to file