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Bankruptcy

: The Debt Podcast

?Current Monthly Income:? They Didn?t Ask Me!

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If you decide to file bankruptcy, you must first calculate your “current monthly income.”  Current monthly income (?CMI?) is a highly artificial number that can have big implications on whether you are allowed a Chapter 7 discharge or how much you must pay to your creditors in Chapter 13.  Calculating CMI also requires your attorney to [...]

Full post as published by The Debt Podcast on August 01, 2009 (boomark / email).

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