By Lawrence R. Ahern, III, Brown & Ahern (Nashville, TN) Introduction This series has focused on the four bankruptcy-related bills that were enacted during the 116th Congress and signed into law on August 23, 2019. One bill, the Small Business Reorganization Act of 2019 (SBRA), became effective February 19, 2020. It appears in its entirety in Appendix B to this...
Critical Case Comment – Maney v. Kagenveama, 2008 WL 2485570 (9th Cir. June 23, 2008)
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Maney v. Kagenveama, 2008 WL 2485570 (9th Cir. June 23, 2008)
Summary of the Case
Ms. Kagenveama was an above-median income debtor whose Schedule I income and Current Monthly Income were identical: $6,168.21. Subtracting Schedule J listed monthly expenses resulted in $1,523.89 per month excess. The deductions from Current Monthly Income per Form B22C resulted in a negative "disposable income": -$4.04. Her plan proposed to pay $1,000 per month over a three-year period . . .
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