By Joseph A. Bledsoe, III (“Jody”), Chapter 13 Standing Trustee for the Eastern District of North Carolina (New Bern) In the aftermath of City of Chicago v. Fulton, discussions abound as to whether it is sufficient for a chapter 13 debtor to seek return of his vehicle, repossessed prepetition, via a motion for turnover. Most seem to believe a motion...
Critical Case Comment – In re Turner, 2009 WL 2136867 (7th Cir. July 20, 2009) (Posner)
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In re Turner, 2009 WL 2136867 (7th Cir. July 20, 2009) (Posner)
An above-median income debtor should not deduct secured payments scheduled as contractually due on collateral that is to be surrendered in the Chapter 13 plan in calculating projected disposable income.
Summary of the Case
Joel Turner, an above-median income debtor, calculated his projected disposable income by deducting a $1,521 monthly mortgage payment from his current monthly income for the 60-month period . . .
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