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