Current monthly income definition
Current monthly income means an applicant’s current monthly adjusted gross income at the time of application, or in appropriate cases 1/12 of an applicant’s annual income computed on the basis of the applicant’s current adjusted gross income at the time of application.
Current monthly income means all of the applicant’s regular and dependable adjusted gross income, converted to a monthly amount.
Current monthly income for purposes of the means test. We support this legislation and urge Congress to expand the bill to include retirement benefits for veterans, as well as pension and disability benefits under other programs that serve the same function as Social Security benefits, which are currently excluded.
More Definitions of Current monthly income
Current monthly income means all income of the hardship debtor and any other individual who is 18 years or older and resides in the same household that is derived during the 30-day period immediately preceding the date of application for relief under this Article no matter
Current monthly income means the average monthly income from ALL sources that debtor receives during the six-month period ending on the last day of the calendar month preceding the filing
Current monthly income in §1325(b)(2) and the means test methodology of §1325(b)(3) for above median debtors, evidence an intent to alter the prior methodology for calculating PDI. And, as discussed above, the use of “current monthly income” in §1325(b)(2), by itself, is not decisive on the issue.