Consumer Bankruptcy Law and Practice: 13.4.3.2.4 Treatment of business income
The definition of current monthly income appears to include the debtor’s gross business income, rather than net income, especially because, in chapter 13, section 1325(b) explicitly provides for business expenses to be deducted from the debtor’s current monthly income.105 However, the forms adopted by the Judicial Conference count only net business income and net rental income toward current monthly income.106 The primary difference between the two methods in chapter 7 cases is that the deductio