CURRENT MONTHLY INCOME
\kˈʌɹənt mˈʌnθli ˈɪnkʌm], \kˈʌɹənt mˈʌnθli ˈɪnkʌm], \k_ˈʌ_ɹ_ə_n_t m_ˈʌ_n_θ_l_i_ ˈɪ_n_k_ʌ_m]\
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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.
By Oddity Software
