My income is $100k annually, but my cash flow is minus $399.00 each month. Even with the negative cash flow, I still fail the Chapter 7 means test
. My credit card debt
is $35,000 and my student loan balance is $55,000. My monthly debt payments are: credit cards $700, two car notes total $661, a mortgage $1,426, student loans $600.00. The standard deductions I listed for a household of 3 were: food, household, supplies and personal $1,171, health care $180, housing and utilities $458, vehicle expenses (2 cars) $414, vehicle ownership expense (2 cars) $331. For other necessary expenses I listed: $1632 for taxes
, $18 for life insurance, $886 for childcare expenses. For additional expense deductions, I listed: $241 for health insurance, $208 for health savings account. Did I not complete the means test accurately? How can I fail it with a $399.00 negative cash flow? I know that if I fail the the test, then I would have to consider Chapter 13
. But how can I pay on a Chapter 13 plan if I have a negative cash flow?