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cfortunato
cfortunato, Attorney
Category: Bankruptcy Law
Satisfied Customers: 8023
Experience:  Bankruptcy professor.
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What are the maximum allowable expenses for a monthly budget

Resolved Question:

What are the maximum allowable expenses for a monthly budget in a Ch. 13 BK?
Submitted: 5 years ago.
Category: Bankruptcy Law
Expert:  cfortunato replied 5 years ago.

Hi JACustomer,

When submitting a Chapter 13 plan, there is no pre-set maximum for allowable expenses. There are pre-set figures you have to work with, but if your actual expenses are higher than the pre-set figures, and if you have a justifiable reason for the higher expense(s), the higher expense(s) will be allowed.

Here is the form you would have to fill out when filing a Chapter 13:

http://www.uscourts.gov/uscourts/RulesAndPolicies/rules/BK%20Forms%201210/B_22C_1210.pdf.

 

I think this is what you wanted to know. If not, please let me know.

Thank you!

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