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.

Examples of Current monthly income in a sentence

• For example: Current monthly income x 12 months = annual household income, .00The definition of “gross (before taxes) household income” is all money and noncash benefits, available for living expenses, from all sources, both taxable and nontaxable, before deductions, including expenses, for all people who live in my home.

• Current monthly income ("CMI") is defined in § 101(10A) of the Code, and the means test is set out in § 707(b)(2).

• Current monthly income calculates the debtor’s average income over the last 6 months, including income from all sources, taxable or not (but not including social security income) plus any amount paid by an entity other than the debtor on a regular basis toward household expenses.

• Current monthly income “means the average monthly income from all sources that the debtor receives .

• Current monthly income is defined under section 101(10A) as the “average monthly income from all sources that the debtor receives .

• Current monthly income is defined the same for both above and below-median debtors.

• Current monthly income (‘‘CMI’’) is defined in § 101(10A) of the Code, and the means test is set out in § 707(b)(2).

• Current monthly income (“CMI”) is defined in § 101(10A) of the Code, and the means test is set out in § 707(b)(2).

• Current monthly income includes “any amount paid by any entity other than the debtor .

• Current monthly income, the amounts specified in the means test under section 707(b)(2), and disposable income in chapter 13 cases must be stated after reasonable inquiry.

More Definitions of Current monthly income

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.

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