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Tag Archives: Bankruptcy Abuse Prevention and Consumer Protection Act

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Bankruptcy Act’s ‘income test’ creates split in courts

It’s been six years since the enactment of the Bankruptcy Abuse Prevention and Consumer Protection Act, and courts across the country continue to struggle with the application of the “projected disposable income test.”

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Court’s bankruptcy decision will require ‘creative strategies’

Justice Elena Kagan’s first opinion as a member of the U.S. Supreme Court limited the ability of debtors to take a key deduction and will require strategic planning by bankruptcy practitioners to limit its impact.

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