Schedule J Question

[RJU214]

What is the name of your state?What is the name of your state? AZ

Quick Question....

Can anyone confirm or deny that it is okay to list "projected" monthly expenses? Expenses that you should/would/could have if it weren't for your current situation?

Example:
My husband has been living with his parents since our separation and therefore has no rent to report. However, he has to move out, has to pay rent, utilities, eventually get a used car and pay auto insurance, etc.

Can these items (rent/utilities/auto insurance) be added to the estimated expenses as long as they are reasonable and customary for someone within his income bracket? He will not have the option to continue rent-free indefinitely and has been looking to move within next couple months.

Any guidance on this issue would be appreciated!!

 

[Ladynred]

The schedule should reflect the expenses you have NOW or on the day your papers are filed. If he moves into his own place by the time your 341 meeting rolls around, you can amend your schedules.

 

[RJU214]

Thanks but after consulting several attorneys via telephone and messages, the general consensus is that it is perfectly okay to project normal living expenses necessary to be self sufficient (including rent and utillities). Creditors should not be allowed to receive income generated from the charity afforded by family & friends (which won't last forever).

We're ready to roll. Thanks anyway.

 

[InsulinRules]

Actually Sch J instructions indicate that you should include an explanation for any category that will change more than 10% this coming year.

So you're both right- Ladynred for her "expenses today" view and the opposing "forward projections" explanation

 

[RJU214]

Actually, I see that in the schedule I, income, but not in the schedule J, expenses.

Could you please tell me where that is?

 

[InsulinRules]

My apologies. It is in the Sch I instructions, and NOT Sch J.

If your husband has already signed a lease for a place, he could put that down.