There is now an “Omit from Means Test” check box for all Non-Employment Income types.
You can decide if any income received is the result of a stimulus benefit and therefore is not held against the Debtor in the Means Test.
You can add Non-Employment Income by clicking Income > Non-Employment Income > + New Income.
After adding your Non-Employment Income, you can check the box shown below and the income will only be reported on Schedule I.
Chapter 13 Plan Calculator Update:
The calculator now has the option to select up to 84 months for the plan length. However, if an attorney is amending a previously generated plan to extend the length, they will need to adjust the length in the calculator and then regenerate a new plan.
New Forms effective 4/20/2020 for the CARES Act updates:
Form 101: Line 13 has additional text to expand on the definition of a debtor.
Form 201: Line 8 has a new option to indicate if the debtor has less than $7,500,000 in debts. This is a new checkbox option in Client Profile > Filing Information under “Check All the Apply.”
Forms 122A-1, 122C-1, & 122B: Line 10 has additional text to clarify that payments received under federal law with relation to COVID-19 should not be listed in the Means Test. If the firm wants the payments listed in Schedule I, they can add and check the box to Omit from Means Test.
*Key words: COVID-19, coronavirus, CARES act, omit from means test