Non-discretionary expenses
April 28th, 2006 by Questions
My question is regarding the Monthly Income and Expense Statement submitted by the bankrupt on monthly non-discretionary expenses. If these non-discretionary expenses are not paid in the month (re: medical condition expenses; child support), what happens to this “extra” income? Does it go into the bankruptcy? Or is this extra money for the bankrupt to spend for the month?
One Response to “Non-discretionary expenses”
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.
May 01, 2006 at 10:46 am, Barton Goth, GCO Inc. Bankruptcy Trustees said:
When you do the Superintendent surplus guideline is based on your net income after non-discretionary expenses. If you don’t have any of these expenses that are paid in the month then your payment could be increased as a result of this calculation.