By Cathy Moran, Esq. (Redwood City, CA) and William J. Purdy, III, Simmons & Purdy (Soquel, CA) Ever guarantee the debt of another? Ever meet anyone who has? Chances are if you’re in business and the business is a C-corporation, an S-corporation, an LLC, or a partnership, when that business borrows money, the lender will require one or more persons...
Critical Case Comment – In re Raulerson, 395 B.R. 157 (Bankr. M.D. Fla. 2008)
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In re Raulerson, 395 B.R. 157 (Bankr. M.D. Fla. 2008)
Even though “projected disposable income” is based upon the debtor’s actual projected income rather than the debtor’s “current monthly income,” the expenses to project a debtor’s disposable income are based upon allowances in Form 22C.
Summary of the Case
The Chapter 13 debtors proposed a plan which would pay unsecured creditors a total of $17.98 in the 60th month of their . . .
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