In Mobley (Bank. E.D. Mich. 2011), the court held that a fully exempted pre-petition personal injury award cannot be included as part of the disposable monthly income (DMI) calculation. The Mobley court maintained that a Chapter 13 repayment plan is exclusively related to paying creditors out of future income or earnings.
A Chapter 13 proceeding option is only viable when “an ongoing stream of regularly anticipated income” is available. In its decision, Mobley concluded that “disposable monthly income” is a practical consideration based on income and earnings – not the liquidation of assets. Mobley relied on the Lanning standard in concluding that pre-petition assets do not have to be committed to the DMI that will be used to fund a Chapter 13 plan.
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