Chapter 13 Repayment To Unsecured Creditors

The B22C is a form that your attorney have to fill out when you file for Chapter 13 bankruptcy. It asks you about your income, expenses, family size, and other factors that affect your ability to pay back your debts. The B22C, also called by Bankruptcy attorneys the “means test” has been through some revisions and tweeks. The purpose of the B22C is to calculate how much “disposable income”  you have left after paying your necessary living expenses. Disposable income is the money that you can use to pay your creditors. The more disposable income you have, the more you have to pay back to your general unsecured creditors like medical bills and payday loans. The less disposable income you have, the less you would be required to pay. Some people might think this is unfair, but this is the way that Congress decided to make sure that everyone pays what they can afford.