The NACTT Academy offers a comprehensive community for bankruptcy professionals seeking to advance their education in consumer bankruptcy.
ConsiderChapter13.org offers a forum to advance continuing education of consumer bankruptcy via access to insightful articles, informative webinars, and the latest industry news. Join now to benefit from expert resources and stay informed.
These informative sessions are led by industry experts and cover a range of consumer bankruptcy topics.
Written by industry experts, these articles provide in-depth analysis and practical guidance on consumer bankruptcy topics.
The Academy is the go-to source for the latest news and analysis in the Chapter 13 bankruptcy industry.
Voluntary Retirement Contributions and Calculation of Disposable Income
Print This Article
Link to Post:
By Thomas D. DeCarlo, Staff Attorney, Office of David Wm, Ruskin, Chapter 13 Standing Trustee, Eastern District of Michigan
One of the (many) vexing questions arising out of the Bankruptcy Abuse Prevention and Consumer Protection Act involves the interplay between a debtor’s “projected disposable income” and a debtor’s voluntary contributions to a retirement account. Section 541(b)(7) excludes from property of the estate voluntary contributions of a debtor to a qualified pension plan. Section 541(b)(7) then added the rather curious “tag line” that provides, “except that such amount under this subparagraph shall not . . .
It looks like you are not signed in or registered! This content is only available to members.
Or Sign In Below:
Related Articles
The Bankruptcy Moot Court Experience – Duberstein 2019
The Hanging Paragraph – Hanging on Every Word Part 3 of 4
Tax Deductions Hidden in Chapter 13
Supreme Court Grants Certiorari in City of Chicago v. Fulton
2022 Bankruptcy Procedure Year in Review: Revised Statute and Rules and Selected Cases – Part 1 Amended Statute and Rules Amendments Not Related to SBRA
The PUMP Act
From the Editor
What Does “Following” Mean?
Bankruptcy Courts Grapple with the “COVID-19 Discharge” – Appendix A
Rules, Means-Test Amounts and Miscellaneous Fees: Changes Wrap Up 2020