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Chapter 7 - 122A-1
Chapter 7 Statement of Your Current Monthly Income (122A-1) - Full Form Instructions
Chapter 7 Statement of Your Current Monthly Income (122A-1) - Full Form Instructions

See how to fill out each line on Form 122A-1

Kelly Torres avatar
Written by Kelly Torres
Updated over a week ago

Line 1: What is your marital and filing status?

Where to enter this in NextChapter: Client Profile > Debtor Profile > Marital Status AND Client Profile > Filing Information > Type of Debtor

Line 2: Your gross wages, salary, tips, bonuses, overtime, and commissions.

Where to enter this in NextChapter: Income > Employment Income

Line 3: Alimony and maintenance payments.

Where to enter this in NextChapter: Income > Non-Employment Income > Edit or Add Income > Income Source > Alimony / Maintenance Payments

Line 4: All amounts from any source which are regularly paid for household expenses of you or your dependents, including child support.

Where to enter this in NextChapter: Income > Non-Employment Income > Edit or Add Income > Income Source > Child / Family Support AND/OR Contributions to Household

Line 5: Net income from operating a business, profession, or farm.

Where to enter this in NextChapter: Income > Non-Employment Income > Edit or Add Income > Income Source > Business, Professional or Farm

Line 6: Net income from rental and other real property.

Where to enter this in NextChapter: Income > Non-Employment Income > Edit or Add Income > Income Source > Property / Rental

Line 7: Interest, dividends, and royalties.

Where to enter this in NextChapter: Income > Non-Employment Income > Edit or Add Income > Income Source > Interests, Dividends or Royalties

Line 8: Unemployment compensation.

Where to enter this in NextChapter: Income > Non-Employment Income > Edit or Add Income > Income Source > Unemployment

Line 9: Pension or retirement income.

Where to enter this in NextChapter: Income > Non-Employment Income > Edit or Add Income > Income Source > Pension AND/OR Retirement

Line 10: Income from all other sources not listed above.

Where to enter this in NextChapter: Income > Non-Employment Income > Edit or Add Income > Income Source > Disability (from employer) AND/OR Other Government Assistance AND/OR Other Monthly Income

Line 11: Calculate your total current monthly income.

Line 12: Calculate your current monthly income for the year.

Line 12a: Copy your total current monthly income from line 11

Line 12b: The result is your annual income for this part of the form.

Line 13: Calculate the median family income that applies to you.

Where to enter this in NextChapter: Client Profile > Debtor Addresses > Edit or Add Address > Select "Residential" for Type. Then, go to Client Profile > Debtor Profile > Select number for "How many people in the household?"

Line 14: How do the lines compare? Comparing the amounts on line 12b and 13 will determine which box is checked for 14a and 14b.

Line 14a: Line 12b is less than or equal to line 13.

Line 14b: Line 12b is more than line 13.

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