Simply put, Disposable Income (or DI), is the amount of net income remaining after all regular monthly expenses are deducted. The size of this amount can determine whether you file a chapter 7 or 13 bankruptcy.
Just take your total monthly net income and deducts all monthly expenses that are reasonable and necessary for your support or that of a dependent. The amount of money left over, if any, is the DI. Find out more here!
Related Topics
If you liked this information and found it useful, then you might like or need these others:
