Question 1

Your client has resided with a domestic partner for more than six months. Is the domestic partner's income relevant?

Accepted Answer

A domestic partner's income is relevant for purposes of Schedule I, but not the Means Test. If the domestic partner contributes financially to the household expenses, that should be reflected in Schedule I since the household expenses likely exceed the client's income.

Question 2

The client's unemployment compensation benefits expired, but he is still without work. His brother is helping him financially, but doesn't reside in the house with him. Is the brother's contribution included in Schedule I?

Accepted Answer

A) True 
 B)False  True

Question 3

The client's daughter is taking a year off from college because of Covid-19 restrictions. She recently moved back in with the client and started a part-time job online, where she earns approximately $600 per month. She uses her income to cover her basic expenses. Her contribution is included in Schedule I.

Accepted Answer

A) True 
 B)False  False

Question 4

The client's boyfriend moved in with her on March 1st. The debtor is filing for bankruptcy the week of Thanksgiving. The boyfriend's contributions are listed in ________.

Accepted Answer

A)  Schedule I. 
B)  Schedule J. 
C)  Means Test. 
D)  Form 122A-2. 
A)  Schedule I. 
B)  Schedule J. 
C)  Means Test. 
D)  Form 122A-2.

Question 5

Even though government assistance is a benefit and not income, it's still listed in Schedule I.

Accepted Answer

A) True 
 B)False

Question 6

Describe the difference between a domestic partner, spouse, and household member contributing to the expenses for bankruptcy purposes.

Accepted Answer

The answer of Describe the difference between a domestic partner,...

Question 7

The client is receiving unemployment compensation which is excluded from Schedule I.

Accepted Answer

A) True 
 B)False

Question 8

Since the debtor lost his job, he's filing for bankruptcy. His wife recently retired and receives Social Security Income which is excluded from Schedule I.

Accepted Answer

A) True 
 B)False

Question 9

Your client earns $275 gross per week. What is his monthly income?

Accepted Answer

The answer of Your client earns $275 gross per week....

Question 10

Child support received is neither taxable income nor a deduction, so it's excluded from Schedule I since it's not taxable income.

Accepted Answer

A) True 
 B)False

Question 11

The debtor stopped working a part-time job in December. In January, his petition is ready to be filed. The income from the part-time job is listed in _________.

Accepted Answer

A)  Schedule I. 
B)  Schedule J. 
C)  Means Test. 
D)  None of the above. 
A)  Schedule I. 
B)  Schedule J. 
C)  Means Test. 
D)  None of the above.

Question 12

The client's wife is not filing for bankruptcy, so the non-filing spouse's income is included in Schedule I or the Means Test?

Accepted Answer

A)  Since the spouse isn't filing, her income is excluded. 
B)  The spouse's income is included in both Schedule I and the Means Test. 
C)  The spouse's income is only included in Schedule I. 
D)  The spouse's income is only included in the Means Test. 
A)  Since the spouse isn't filing, her income is excluded. 
B)  The spouse's income is included in both Schedule I and the Means Test. 
C)  The spouse's income is only included in Schedule I. 
D)  The spouse's income is only included in the Means Test.

Your client has resided with a domestic partner for more than six months. Is the domestic partner's income relevant?

The client's unemployment compensation benefits expired, but he is still without work. His brother is helping him financially, but doesn't reside in the house with him. Is the brother's contribution included in Schedule I?

The client's boyfriend moved in with her on March 1^st. The debtor is filing for bankruptcy the week of Thanksgiving. The boyfriend's contributions are listed in ________.

Even though government assistance is a benefit and not income, it's still listed in Schedule I.

Describe the difference between a domestic partner, spouse, and household member contributing to the expenses for bankruptcy purposes.

The client is receiving unemployment compensation which is excluded from Schedule I.

Since the debtor lost his job, he's filing for bankruptcy. His wife recently retired and receives Social Security Income which is excluded from Schedule I.

Your client earns $275 gross per week. What is his monthly income?

Child support received is neither taxable income nor a deduction, so it's excluded from Schedule I since it's not taxable income.

The debtor stopped working a part-time job in December. In January, his petition is ready to be filed. The income from the part-time job is listed in _________.

The client's wife is not filing for bankruptcy, so the non-filing spouse's income is included in Schedule I or the Means Test?

The History of Bankruptcy Law

Overview of the Bankruptcy Code

Summary of Chapter 7 Versus Chapter 13

The Court System and the Bankruptcy Rules and Procedure

The Bankruptcy Intake

Bankruptcy Intake Continued

Bankruptcy Intake: Employment, Income, and Expenses

Liabilities, and Required Documents

The Bankruptcy Petition

Assets and Liabilities

Schedules AB: Personal Property and C: Exemptions

Schedules of Secured and Unsecured Creditors

Schedule J: Expenses

Statement of Financial Affairs

Understanding Legal Options and Judgments in Debt Cases

Statement of Current Monthly Income

Means Testing Official Form 122A-2

Bankruptcy and Debt: Understanding Hardship Discharge, Lien Stripping, and Cramdowns

Filing a Bankruptcy Petition

Post-Petition Filing

The 341 Meeting of Creditors

Filters

Exam 13: Schedule I: Income

Your client has resided with a domestic partner for more than six months. Is the domestic partner's income relevant?

The client's unemployment compensation benefits expired, but he is still without work. His brother is helping him financially, but doesn't reside in the house with him. Is the brother's contribution included in Schedule I?

The client's boyfriend moved in with her on March 1st. The debtor is filing for bankruptcy the week of Thanksgiving. The boyfriend's contributions are listed in ________.

Even though government assistance is a benefit and not income, it's still listed in Schedule I.

Describe the difference between a domestic partner, spouse, and household member contributing to the expenses for bankruptcy purposes.

The client is receiving unemployment compensation which is excluded from Schedule I.

Since the debtor lost his job, he's filing for bankruptcy. His wife recently retired and receives Social Security Income which is excluded from Schedule I.

Your client earns $275 gross per week. What is his monthly income?

Child support received is neither taxable income nor a deduction, so it's excluded from Schedule I since it's not taxable income.

The debtor stopped working a part-time job in December. In January, his petition is ready to be filed. The income from the part-time job is listed in _________.

The client's wife is not filing for bankruptcy, so the non-filing spouse's income is included in Schedule I or the Means Test?

The History of Bankruptcy Law

Overview of the Bankruptcy Code

Summary of Chapter 7 Versus Chapter 13

The Court System and the Bankruptcy Rules and Procedure

The Bankruptcy Intake

Bankruptcy Intake Continued

Bankruptcy Intake: Employment, Income, and Expenses

Liabilities, and Required Documents

The Bankruptcy Petition

Assets and Liabilities

Schedules AB: Personal Property and C: Exemptions

Schedules of Secured and Unsecured Creditors

Schedule J: Expenses

Statement of Financial Affairs

Understanding Legal Options and Judgments in Debt Cases

Statement of Current Monthly Income

Means Testing Official Form 122A-2

Bankruptcy and Debt: Understanding Hardship Discharge, Lien Stripping, and Cramdowns

Filing a Bankruptcy Petition

Post-Petition Filing

The 341 Meeting of Creditors

Filters

The client's boyfriend moved in with her on March 1^st. The debtor is filing for bankruptcy the week of Thanksgiving. The boyfriend's contributions are listed in ________.