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 – In re Shelor, 2008 WL 4344894 (Bankr. M.D. N.C. September 23, 2008)
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In re Shelor, 2008 WL 4344894 (Bankr. M.D. N.C. September 23, 2008)
Where a Chapter 13 debtor’s income has declined immediately prior to or at the time of filing a bankruptcy petition, it is appropriate for the court to relieve the debtor of the obligation of filing a Schedule I and fix a different six-month period to determine Current Monthly Income.
Summary of the Case
The Shelors filed a Chapter 13 petition after . . .
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