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No ‘deductions’ for above-median debtors (access required)

Published: November 20, 2009

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Chapter 13 debtors cannot deduct payments to secured creditors for property they intend to abandon, the 9th Circuit Bankruptcy Appellate Panel has ruled in reversing a bankruptcy court. A related issue - what constitutes "projected disposable income" in a Chapter 13 case - may go to the U.S. Supreme Court.  The debtors in this case filed ...
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