ADVERTISEMENT

Connect With an Ohio Bankruptcy Attorney

Enter Your Zip Code or Call (855) 410-1378 to Connect with a Lawyer In Your Area

Automatically apply the Greene County expense standards, and Ohio income standards to your means test calculation.

Specific Forms - (Selected Forms)
Official form 106I, Schedule I: Your Income (individuals)

Official form 106I, Schedule I: Your Income (individuals)

by

Schedule I: Your Income (Official Form 106I)  

In Schedule I: Your Income (Official Form 106I)you will give the details about your employment and monthly income as of the date you file this form. If you are married and your spouse is living with you, include information about your spouse even if your spouse is not filing with you. If you are separated and your spouse is not filing with you, do not include information about your spouse.  

How to report employment and income  

If you have nothing to report for a line, write $0.   

In Part 1, line 1, fill in employment information for you and, if appropriate, for a non-filing spouse. If either person has more than one employer, attach a separate page with information about the additional employment.   

In Part 2, give details about the monthly income you currently expect to receive. Show all totals as monthly payments, even if income is not received in monthly payments.  

If your income is received in another time period, such as daily, weekly, quarterly, annually, or irregularly, calculate how much income would be by month, as described below.  

If either you or a non-filing spouse has more than one employer, calculate the monthly amount for each employer separately, and then combine the income information for all employers for that person on lines 2-7.   

One easy way to calculate how much income per month is to total the payments earned in a year, then divide by 12 to get a monthly figure. For example, if you are paid seasonally, you would simply divide the amount you expect to earn in a year by 12 to get the monthly amount  Below are other examples of how to calculate monthly amount.  

Example for weekly payments:   

If you are paid $1,000 every week, figure your monthly income in this way:  

$1,000 income every week  X 52 number of pay periods in the year  $52,000 total income for the year  

$52,000 (income for year)_________ = $4,333 monthly income  12 (number of months in year)   

Example for bi-weekly payments:  If you are paid $2,500 every other week, figure your monthly income in this way:  

$2,500 income every other week  X 26 number of pay periods in the year  $65,000 total income for the year  $65,000 (income for year)_________ = $5,417 monthly income  12 (number of months in year)

Example for daily payments:

If you are paid $75 a day and you work about 8 days a month, figure your monthly income in this way: 

$75 income a day

X 96 days a year

$7,200 total income for the year

$7,200 (income for year) = $600 monthly income

12 (number of months in year)

or this way: 

$75 income a day

X 8 payments a month

$600 income for the month

Example for quarterly payments: 

If you are paid $15,000 every quarter, figure your monthly income in this way:

$15,000 income every quarter

X 4 pay periods in the year

$60,000 total income for the year 

$60,000 (income for year) = $5,000 (number of months in year)

12 monthly income

Example for irregular payments:

If you are paid $4,000 8 times a year, figure your monthly income in this way:

$4,000 income a payment

X 8 payments a year

$32,000 income for the year

$32,000 (income for year) = $2,667 monthly income

12 (number of months in year)

In Part 2, line 11, fill in amounts that other people provide to pay the expenses you list on Schedule J: Your Expenses. For example, if you and a person to whom you are not married pay all household expenses together and you list all your joint household expenses on Schedule J, you must list the amounts that person contributes monthly to pay the household expenses on line 11. If you have a roommate and you divide the rent and utilities, do not list the amounts your roommate pays on line 11 if you have listed only your share of those expenses on Schedule J. Do not list on line 11 contributions that you already disclosed elsewhere on the form.

Note that the income you report on Schedule I may be different from the income you report on other bankruptcy forms. For example, the Chapter 7 Statement of Your Current Monthly Income (Official Form 122A-1), Chapter 11 Statement of Your Current Monthly Income (Official Form 122B), and the Chapter 13 Statement of Your Current Monthly Income and Calculation of Commitment Period (Official Form 122C-1) all use a different definition of income and apply that definition to a different period of time. Schedule I asks about the income that you are now receiving, while the other forms ask about income you received in the applicable time period before filing. So the amount of income reported in any of those forms may be different from the amount reported here. 

If, after filing Schedule I, you need to file an estimate of income in a chapter 13 case for a date after your bankruptcy, you may complete a supplemental Schedule I. To do so you must check the “supplement” box at the top of the form and fill in the date.

 

COMMITTEE NOTE

The schedules to be used in cases of individual debtors are revised as part of the Forms Modernization Project, making them easier to read and, as a result, likely to generate more complete and accurate responses. The goals of the Forms Modernization Project include improving the interface between technology and the forms so as to increase efficiency and reduce the need to produce the same information in multiple formats. Therefore, many of the open-ended questions and multiple-part instructions have been replaced with more specific questions. The individual debtor schedules are also renumbered, starting with the number 106 and followed by the letter or name of the schedule to distinguish them from the versions to be used in non-individual cases.

Official Form 106I, Schedule I: Your Income, replaces Official Form 6I, Your Income, in cases of individual debtors. 

The form is one of an initial set of forms that were published as part of the Forms Modernization Project in 2012. It is renumbered and internal cross references are updated to conform to the new numbering system now being introduced by the Forms Modernization Project.

 

Automatically apply the Greene County expense standards, and Ohio income standards to your means test calculation.

ADVERTISEMENT

Connect With an Ohio Bankruptcy Attorney

Enter Your Zip Code or Call (855) 410-1378 to Connect with a Lawyer In Your Area

Greene County Cities

Largest Ohio Cities

Nearby States


Get help if you need it...

Need a Ohio Bankruptcy Lawyer?

We can connect you

How It works:
1. Descrbe Your Case
2. Provide Your Contact Info,
3. A lawyer or law firm in your area will connect with you.
4. You discuss your case with each other
and decide whether you want to work together.

Since 2010, we've helped thousands of people like you
find a lawyer to help them.
Let us connect YOU!

ADVERTISEMENT

Connect with an Ohio Bankruptcy Attorney

Enter Your Zip Code or Call (855) 410-1378 to Connect with a Lawyer In Your Area