Current Monthly Income - Definition - Law Dictionary Home Dictionary Definition current-monthly-income

current monthly income

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The average monthly income received by the debtor over the six calendar months before commencement of the bankruptcy case, including regular contributions to household expenses from nondebtors and income from the debtor's spouse if the petition is a joint petition, but not including social security income and certain other payments made because the debtor is the victim of certain crimes.

Source: Administrative Office of the U.S. Courts