Q: I am filing ch 7 on my own. no assets. income over past 6 months will show two tuition reimburs amounts from my work.
This is changing my avg mo income by $1,000. They only cover up to $5,250 for grad student tuition per yr, but that is not my normal pay. how will this look to the court? Will they really consider this as part of my regular pay?
A:
There are 3 different places that income goes. The six month period you reference is in the means test. The purpose is to determine whether you can file 7 or 13. It is generally acknowledged by the courts to not always reflect reality.
Your schedule I is more important for that. That is where you want to be accurate as to what you normally receive. "I" is going to show an average of reimbursement. (like you do for bonuses etc.) But "J" should show the expense for equal value.
The third, is questions 1 and 2 of the Statement of Financial Affairs (sofa) Q1 is for income from employment or business. Q2 is for other income. Separate the reimbursement from your regular income and post it in either question clearly marked.
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