Sentences with phrase «one's monthly disposable income»

Tina, a management consultant in the chemical industry, adds $ 3,880, for total monthly disposable income of $ 9,610 a month.

Generally, the IRS only accepts these agreements if you don't have enough assets to liquidate (there are exceptions) and you don't have enough monthly disposable income to qualify for a regular installment agreement.

They rented their home, could hardly make ends meet even though living frugally, owed $ 13,000 in credit card debt they had been paying the minimum on for years, and had less than a $ 100 monthly disposable income by paying the minimum on their credit cards.

If your remaining monthly disposable income is between $ 100 and $ 166.66, you must figure out whether what you have left over is enough to pay more than 25 % of your unsecured, non-priority debts (such as credit card bills, student loans, medical bills, and so on) over a five - year period.

As the CFPB noted in its lawsuit against Navient, borrowers who are having trouble making monthly payments on federal student loans have the option of enrolling in an income - driven repayment plan that caps monthly payments at a percentage of monthly disposable income.

Your monthly disposable income, which is your net income (income after paying taxes) minus your monthly outgoing debt

The IRS guidelines allow certain expenses to be deducted from your income when determining your monthly disposable income.

The new Chapter 13, on the other hand verifies that you should not have a monthly disposable income of $ 100 or more.

I like having the freedom to use my monthly disposable income how I want, without it going toward paying down loans with low real returns.

In the case of periodic payment offers, where the offer in compromise is repaid in 6 to 24 months, the formula for the reasonable collection potential is the quick sale value plus your monthly disposable income x 24.

Other cases, such as In re Hornsby out of the United States 6th Circuit Court of Appeals, have reversed findings of undue hardship, and instead called for partial discharge of student loan debt, where the debtor's monthly disposable income was less than $ 200 after expenses.