Course Category: Income

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BK 108: 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…
Schaller Bankruptcy Masterclass

MK 110: The Bankruptcy Process

Understanding the Bankruptcy Process Studying these courses should help any attorney feel more competent to file his/her first Chapter 7 bankruptcy case. Attorneys who embrace these courses will be able to better understand the Chapter 7 legal requirements, anticipate bankruptcy issues, and carefully prepare the required petition, schedules, and statements.…