This form is Schedule I. The form lists the current income of the individual debtor(s). The form also contains the following information about the debtor(s): name and address of the debtor(s); place of employment; and total net monthly take home pay. This form is data enabled to comply with CM/ECF electronic filing standards. This form is for post 2005 act cases.
Missouri Current Income of Individual Debtors - Schedule I - Form 6I - Post 2005
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How to fill out Current Income Of Individual Debtors - Schedule I - Form 6I - Post 2005?
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FAQ
A Chapter 13 petition for bankruptcy will likely necessitate a $500 to $600 monthly payment, especially for debtors paying at least one automobile through the payment plan. However, since the bankruptcy court will consider a large number of factors, this estimate could vary greatly.
This is an Official Bankruptcy Form. Official Bankruptcy Forms are approved by the Judicial Conference and must be used under Bankruptcy Rule 9009.
Calculation of Current Monthly Income: To begin the means test, debtors calculate their current monthly income, which equates to twice the gross income earned in the six months leading up to the bankruptcy filing.
Background. A chapter 13 bankruptcy is also called a wage earner's plan. It enables individuals with regular income to develop a plan to repay all or part of their debts. Under this chapter, debtors propose a repayment plan to make installments to creditors over three to five years.
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.