Q: I live with a married couple. I rent out their basement as my apartment. I am thinking of declaring bankruptcy.
Is their income going to be included in my declaration of household income?
A: No, their income is separate. Although you do share a dwelling, you do not share in a financial household with your landlord(s). Your rent is an expenses that you should list on Schedule "J" of your Petition and also include the Lease on Schedule "G." Lastly, any security Deposit being held by the Landlord shall be listed as an asset on Schedule "B." I hope this helps you.
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