Sentences with phrase «as joint debtors»

More importantly, as joint debtors each spouse becomes liable for the activities of the other, and each is responsible for making any payments.

Not exact matches

For purposes of the means test, the U.S. Bankruptcy Code defines current monthly income as including: «any amount paid by any entity other than the debtor (or in a joint case the debtor and the debtor's spouse), on a regular basis for the household expenses of the debtor or the debtor's dependents (and in a joint case the debtor's spouse if not otherwise a dependent)...» Benefits received under the Social Security Act, payments to victims of war crimes or crimes against humanity on account of their status as victims of such crimes, and payments to victims of international terrorism or domestic terrorism on account of their status as victims of such terrorism are excluded from the means test.

Current monthly income is defined in 11 U.S.C. § 101 (10A) as the monthly average of the income received by the debtor (and the debtor's spouse in a joint case) during a defined six - month time period prior to the filing of the bankruptcy case.