Posted on: 04th Oct, 2009 12:36 am
What is the purpose of conducting disposable income test?
This icludes calcualtions of disposable income ( Household monhtlyincome and monthly expenses other than unsecured debt. You may have to use the whole of your incoem towards chapter 13 plan playment
disposable income represents you actual discretionary income. Money that is uncommitted to other necessities and in some ways is the single best measurement of you "Real" income.
Not much point having an incoime of $1000/wk if your expenses are $1200 for eg.
Not much point having an incoime of $1000/wk if your expenses are $1200 for eg.
Good example propertyinfo