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#1
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Average income.....What is the name of your state?KY I plan on filing for bankruptcy in February. Will the six month average income include my income tax return? Thanks in advance, Steve |
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#2
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| No, that's not your regular income, but the Trustee is likely to want your refund if you get a hefty one.
__________________ "Knowledge is Power - use it as you see fit ! I am not a lawyer or a member of the legal profession. My advice is based on research and experience, my own and others, some who practice law. You decide for yourself what actions you do or do not take from my advice. |
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#3
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| Even if I receive the return prior to filing? I had planned on using it to pay my attorney. |
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#4
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| Line 3 of the means-test form calls for the average of GROSS pay for the preceding 6 calendar months. That's the pay from which taxes were withheld, so logically you should not also have to list a refund of those taxes because you'd be counting the same income twice. An earned income credit, on the other hand, probably has to be counted. If you're close enough to median for the answer to this question to matter, you should consult with a bankruptcy attorney instead of trying to handle the case (and especially a 707(b) motion) pro se.
__________________ -- Walter Oney, Attorney at Law (Massachusetts) Nothing in this message should be construed as legal advice or as establishing an attorney-client relationship. |
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