Indiana Chapter 13 Calculation of Your Disposable Income is a process used by the court to determine how much of your income can be used to pay your creditors in a Chapter 13 bankruptcy. It is an important step of the bankruptcy process and is used to determine your repayment plan. There are two types of Indiana Chapter 13 Calculation of Your Disposable Income: the means test and the budget-based calculation. The means test is used to determine whether you have enough disposable income to repay your creditors in full. The budget-based calculation is used to calculate your disposable income after all reasonable and necessary expenses are taken into account. In both cases, your attorney will help you determine the amount of your disposable income, which will be used to create your Chapter 13 repayment plan.
Indiana Chapter 13 Calculation of Your Disposable Income
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