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Richardson Law Offices

Disposable Income in Bankruptcy

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!

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Steven J. Richardson
Bankruptcy, Collections, Student Loan, DUI and Traffic Court attorney in Woodbury, NJ.