Current monthly income definition

Current monthly income means an applicant’s current monthly adjusted gross income at the time of application, or in appropriate cases 1/12 of an applicant’s annual income computed on the basis of the applicant’s current adjusted gross income at the time of application.
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Current monthly income means all of the applicant’s regular and dependable adjusted gross income, converted to a monthly amount.
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Current monthly income means all income of the hardship debtor and any other individual who is 18 years or older and resides in the same household that is derived during the 30-day period immediately preceding the date of application for relief under this Article no matter
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Examples of Current monthly income in a sentence

  • For example: Current monthly income x 12 months = annual household income, .00The definition of “gross (before taxes) household income” is all money and noncash benefits, available for living expenses, from all sources, both taxable and nontaxable, before deductions, including expenses, for all people who live in my home.

  • Current monthly income, the amounts specified in the means test under section 707(b)(2), and disposable income in chapter 13 cases must be stated after reasonable inquiry.

  • Current monthly income counts in determining eligibility for Medicaid and CHIP for new applicants and for recipients at the time of an annual review.Source: 42 CFR § 435.603 (Rev.

  • Current monthly income means the average monthly income from all sources without regard to whether such income is taxable income, derived during the six- month period ending on the last day of the calendar month immediately preceding the filing of the case.

  • Current monthly income, the amounts specified in the “means test” under section 707(b)(2), and disposable income in chapter 13 cases must be stated after reasonable inquiry.

  • Current monthly income is defined as “the average monthly income from all sources that the debtor receives .

  • Current monthly income (“CMI”) is defined as “the average monthly income from all sources that the debtor receives.

  • Current monthly income was set on 514 PLN per month per person (6168 PLN per year per person – 1,425 euro per month per person).

  • Current monthly income is defined as the average monthly income received by the debtor during the six full months preceding the bankruptcy petition date.

  • Current monthly income is defined in the code as “the average monthly income from all sources that the debtor received .


More Definitions of Current monthly income

Current monthly income in §1325(b)(2) and the means test methodology of §1325(b)(3) for above median debtors, evidence an intent to alter the prior methodology for calculating PDI. And, as discussed above, the use of “current monthly income” in §1325(b)(2), by itself, is not decisive on the issue.
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Current monthly income means the average monthly income from ALL sources that debtor receives during the six-month period ending on the last day of the calendar month preceding the filing
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Current monthly income for purposes of the means test. We support this legislation and urge Congress to expand the bill to include retirement benefits for veterans, as well as pension and disability benefits under other programs that serve the same function as Social Security benefits, which are currently excluded.
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Related to Current monthly income

  • Collateral Minimum Monthly Interest shall have the meaning specified in subsection 4.02(c).

  • Note Monthly Interest means, for a Class and a Payment Date, the aggregate amount of interest accrued on the Note Balance of the Class at the Note Interest Rate for the Class for the related Interest Period.

  • Note Monthly Interest Distributable Amount means, with respect to any Payment Date, interest accrued for the related Interest Accrual Period at the related Interest Rate for each Class of Notes on the Outstanding Amount of the Notes of each such Class on the immediately preceding Payment Date (or, in the case of the first Payment Date, the original principal amount of each such Class of Notes), after giving effect to all distributions of principal to the Noteholders of each such Class on or prior to such Payment Date.

  • Collateral Senior Minimum Monthly Interest shall have the meaning specified in subsection 4.02(d).

  • Class A Monthly Interest shall have the meaning specified in subsection 4.02(a).

  • Class B Monthly Interest shall have the meaning specified in subsection 4.02(b).

  • Noteholders’ Monthly Interest Distributable Amount means, with respect to any Distribution Date and any Class of Notes, interest accrued at the respective Interest Rate during the applicable Interest Period on the principal amount of the Notes of such Class outstanding as of the end of the prior Distribution Date (or, in the case of the first Distribution Date, as of the Closing Date), calculated (x) for the Class A-1 Notes and the Class A-2-B Notes on the basis of a 360-day year and the actual number of days elapsed in the applicable Interest Period and (y) for all other Classes of Notes on the basis of a 360-day year consisting of twelve 30-day months (without adjustment for the actual number of business days elapsed in the applicable Interest Period), except with respect to the first Interest Period.

  • Class C Monthly Interest is defined in Section 4.1(c).

  • Monthly Interest means, with respect to any Distribution Date, the Class A Monthly Interest, the Class B Monthly Interest and the Collateral Minimum Monthly Interest for such Distribution Date.

  • Class B Noteholders’ Monthly Interest Distributable Amount means, with respect to any Payment Date, interest accrued for the related Interest Accrual Period on the Class B Notes at the interest rate for such Class on the Outstanding Amount of the Notes of such Class on the immediately preceding Payment Date (or, in the case of the initial Payment Date, on the Closing Date), after giving effect to all payments of principal to the Noteholders of such Class on or prior to such preceding Payment Date. For all purposes of this Agreement and the Basic Documents, interest with respect to all Class B Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The interest due on these Classes of notes on each Payment Date will be the product of: · the Outstanding Principal Balance of the Class B Notes; · the Class B Interest Rate; and · 30 (or, in the case of the initial Payment Date, 26) divided by 360.

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.