Calumet Lawyer
All lawyers of Calumet, MI or refine by the following practice areas
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Legal Term Highlighted
current monthly income: As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.