Course Category: Means Test

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BK 113: Statement of Your Current Monthly Income

Statement of Your Current Monthly Income. Every Chapter 7 debtor must file a statement of current monthly income.  11 U.S.C. § 521(a)(1)(B)(v).  A better term for this statement would have been average monthly income.  As discussed below, this statement reveals the average monthly income from all sources of income during…
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Free

BK 114: Statement of Means Test Calculation

Statement of Means Test Calculation. Every Chapter 7 debtor must file Official Form 122A-2, Chapter 7 Means Test Calculation when his/her annualized average monthly income (as calculated in Part 1 of Official Form 122A-1, Chapter 7 Statement of Your Current Monthly Income) exceeds the state’s median annual income for households of…
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