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April 23, 2007

What Is Current Monthly Income?

Filed under: Current Monthly Income — admin @ 9:47 am

Section 101(10A) of the Bankruptcy Code defines “Current Monthly Income” as the average monthly income from all sources paid to the debtor or paid on behalf of the debtor or his dependents for household expenses, during the lase six months.
Amount the types of income excluded are benefits received under the Social Security Act.
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