California Current Expenditures of Individual Debtors - Schedule J - Form 6J - Post 2005

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US-BKR-F6J
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Description

This form is Schedule J. The form lists the current expenditures of individual debtor(s). Some of the current expenditures listed are: mortgage payments, food, clothing, and transportation. This form is data enabled to comply with CM/ECF electronic filing standards. This form is for post 2005 act cases.


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FAQ

Income averaging for farmers and fishermen provides a way to balance an income tax burden over several years, reducing the effects of both lean and bounty years. Schedule J is the Internal Revenue Service form used when you want to average your fishing or farming income.

If your case is dismissed, you are entitled to a refund of any money that is still in the trustee's possession. However, the trustee has to get approval from the court to send the money back to you, and they are allowed to take their administrative fees out of that money before refunding it.

One easy way to calculate how much income would be per month is to total the payments earned in a year, then divide by 12 to get a monthly figure. For example, if you are paid annually, you would simply divide your annual salary by 12 to get the monthly amount.

Official Form 106I (Schedule I) is the form where you disclose your monthly household income. Official Form 106J (Schedule J) is the form where you disclose your current household monthly expenses. At the end of Schedule J, you will subtract your income from your expenses.

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California Current Expenditures of Individual Debtors - Schedule J - Form 6J - Post 2005