The Delaware Statement of Current Monthly Income and Disposable Income Calculation for Use in Chapter 13 — Post 2005 is a crucial document used in bankruptcy cases filed under Chapter 13 in Delaware. This statement plays a significant role in determining the debtor's ability to repay their debts over a specified period. The primary purpose of the Delaware Statement of Current Monthly Income and Disposable Income Calculation is to assess and declare the debtor's monthly income and expenses accurately. This information aids in establishing a repayment plan that is fair for both the debtor and creditors involved in the bankruptcy case. Different types of Delaware Statements of Current Monthly Income and Disposable Income Calculation may include: 1. Individual Debtor's Statement: This document is filed by an individual debtor, which enumerates their income from all sources, including wages, salaries, tips, commissions, bonuses, rental income, child support, alimony, and other forms of regular income. The statement also includes any deductions such as taxes, mandatory retirement contributions, and health insurance premiums. 2. Joint Debtor's Statement: In the case of a married couple filing jointly under Chapter 13, a Joint Debtor's Statement is required. This statement includes the income and expenses of both spouses, providing a comprehensive overview of the household's financial situation. 3. Chapter 13 Means Test Calculation: This aspect is mandatory for qualifying debtors and determines whether they have the means to repay their debts. The Means Test Calculation compares the debtor's income against the median income for their household size in Delaware. If the debtor's income is below the median, they automatically qualify for Chapter 13. However, if it exceeds the median, further calculations are necessary to determine disposable income and the length of the repayment plan. Delaware bankruptcy courts expect complete accuracy and transparency in the Statement of Current Monthly Income and Disposable Income Calculation. Debtors must diligently gather and report all sources of income and expenses to provide an honest reflection of their financial capabilities. Overall, the Delaware Statement of Current Monthly Income and Disposable Income Calculation is a pivotal component of Chapter 13 bankruptcy proceedings. It ensures that debtors submit an accurate representation of their finances, thereby helping create a feasible repayment plan and ensuring the fair treatment of all parties involved.