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Home > How Do I Count My Kids, Who I Have Shared Custody Of, In Determining Household Size?

How Do I Count My Kids, Who I Have Shared Custody Of, In Determining Household Size?

Determining household size is an important first step in establishing whether you’ll file Chapter 7 or Chapter 13 bankruptcy, and what your monthly payments may be under Chapter 13.

Most people use one of three methods to calculate household size. In some situations, the so-called “heads on the bed” approach works. Everyone living in the house is counted, end of story.

Another way to represent household size is to consult your tax return, and count only the spouse and dependents listed there.

For your purposes, with children who live with you part time, the best approach may be to look at your household as an economic unit, and count everyone who plays an economic role in your home.

Need help determining who is part of your household, and what that may mean for your bankruptcy? Call the Queens bankruptcy lawyers at Zelenitz, Shapiro & D’Agostino at 718-599-1111 for a free consultation!