9/07
Why do I have to hand in all my paystubs?
It's required under the 2005 Amendments to the Bankruptcy Code.
In order to put together a Chapter 13 case, or a Chapter 7 involving primarily consumer debt, a "means test" must be completed. One part of the test requires the calculation of your last six full (completed) months of income from virtually any source. In order to do this calculation properly, we need the records to work with.
We are also required to provide to the court and/or trustee copies of some or all of these paystubs.
So although we sound a little crazy constantly asking for more paystubs as we prepare a case, it's not because we want to bug you. We don't have any choice! So bear with us.
In order to put together a Chapter 13 case, or a Chapter 7 involving primarily consumer debt, a "means test" must be completed. One part of the test requires the calculation of your last six full (completed) months of income from virtually any source. In order to do this calculation properly, we need the records to work with.
We are also required to provide to the court and/or trustee copies of some or all of these paystubs.
So although we sound a little crazy constantly asking for more paystubs as we prepare a case, it's not because we want to bug you. We don't have any choice! So bear with us.
