Course Category: Income

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BK 119: Schedule I – Income

Schedule I: Income. Every Chapter 7 debtor must file a schedule of current income, commonly called Schedule I.  11 U.S.C. § 521(a)(1)(B)(ii); Bankruptcy Rule 1007(b)(1)(B).  As discussed below, this statement reveals the debtor’s actual monthly income from all sources of income as of the petition date.  Current income includes income from all…