by Rushkin » Tue Feb 11, 2014 7:54 am
Under 13 USC Sec. 1325(b)(2), child-support funds are usually omitted in the formula of one's disposable income.
Estimating 13 USC Sec. 1325(b)(2)
(2) For purposes of this subsection, the phrase?disposable income? Indicates current monthly revenue obtained from the consumer (apart from child support payments, foster-care payments, or disability payments for a dependent child produced in compliance with applicable nonbankruptcy law to the extent reasonably necessary to be expended for these child) less amounts reasonably necessary to be expended? (A) (i) for the maintenance or support of the debtor or a dependent of the debtor, or for a domestic support obligation, that first becomes due following the day the request is submitted; and
(ii) for charitable contributions (that fulfill the definition of?charitable contribution? under section 548 (d)(3) [1] into a qualified religious or non-profit entity or firm (as described in section 548 (d)(4)) within an amount to not exceed 15-percent of revenues of the debtor for the entire year where the efforts are created; and (W) when the debtor is involved running a business, for the cost of expenses required for the extension, maintenance, and procedure of these business.