Disposable Monthly Income (DMI)
Definition - What does Disposable Monthly Income (DMI) mean?
Justipedia explains Disposable Monthly Income (DMI)
For individuals undergoing Chapter 13 bankruptcy, it is based upon a state median income, the person's actual income, and their actual monthly necessities. The Trustee in the bankruptcy determines if the person has a disposable monthly income. In a Chapter 13, if the Trustee determines that there is no disposable monthly income to use in a repayment plan, the debtor is then converted to a Chapter 7 bankruptcy.