Chapter 13 Calculation Of Your Disposable Income {B122C-2}

OFFICIAL FORM 122C-2 - CHAPTER 13 CALCULATION OF YOUR DISPOSABLE INCOME. To fill out this form, you will need your completed copy of Chapter 13 Statement of Your Current Monthly Income and Calculation of Commitment Period (Official Form 122C–1). Be as complete and accurate as possible. If two married people are filing together, both are equally responsible for being accurate. If more space is needed, attach a separate sheet to this form. Include the line number to which the additional information applies. On the top of any additional pages, write your name and case number (if known). It requires debtors to provide detailed financial information, including allowable deductions based on IRS National and Local Standards. These deductions cover necessary living expenses such as food, clothing, healthcare, housing, utilities, transportation, taxes, court-ordered payments, and other essential costs. The form also includes sections for additional expense deductions, such as health insurance, education costs, childcare, and contributions to family members' care. The form accounts for secured debt payments, including mortgages and vehicle loans, by calculating average monthly payments over a 60-month period. If a debtor has past-due priority claims like unpaid taxes, child support, or alimony, these amounts are also factored into the final calculation. The final section of the form helps determine the projected monthly Chapter 13 plan payment by applying a district-specific multiplier. www.FormsWorkflow.com