A Chapter 7 Statement of Your Current Monthly Income, also known as Form 122A-2, is an official document that is part of the bankruptcy filing process. This form is used to provide information on the debtor's current income and expenses. It is intended to give the court an accurate picture of the debtor's financial situation in order to determine if they are eligible for a Chapter 7 bankruptcy. The form must be completed and submitted along with other bankruptcy forms and documents. The Chapter 7 Statement of Your Current Monthly Income includes a detailed breakdown of the debtor's income, including wages, self-employment and other sources, as well as their estimated living expenses. This form also requires the debtor to list any assets they own and to provide information on any debts they owe, including secured and unsecured debts. Once the form is completed, the debtor's bankruptcy lawyer will use the information to help determine if they qualify for a Chapter 7 bankruptcy. There are two different versions of the Chapter 7 Statement of Your Current Monthly Income, Form 122A-1 and Form 122A-2. Form 122A-1 is used for individuals or married couples filing joint bankruptcies while Form 122A-2 is used for businesses and partnerships.
Chapter 7 Statement of Your Current Monthly Income
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How to fill out Chapter 7 Statement Of Your Current Monthly Income?
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