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WALLSTREETESQ
WALLSTREETESQ, Attorney
Category: Bankruptcy Law
Satisfied Customers: 17210
Experience:  14 years exp., CH 7 AND 13 Bankruptcy cases, AFL-CIO UNION PLUS, UFT NYSID AND ALL MAJOR UNIONS
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when determining the amount to use to see if you qualify for

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when determining the amount to use to see if you qualify for a chapter 7 bankruptcy. Do you use the amount from line 1 off your W-2 (wages,tips, other compensation) not the social security amount?

WALLSTREETESQ :

Hello I am a licensed attorney here to help you with your question, please review my response and do not hesitate to ask for clarificati on

WALLSTREETESQ :

In completing the bankruptcy forms, you use the full gross amount, before any deductions, and then in the petition subtract all the deductions,

WALLSTREETESQ :

after all the deductions are taken out that is the income used for the means test.

WALLSTREETESQ :

You can look at the Sch I form above from the bankruptcy Court, and that is what is used to determine your actual income, all deductions are taken into consideration.

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