Definition from Nolo’s Plain-English Law Dictionary
A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:18 pm