(Reprinted with permission: https://www.dailyjournal.com/) By M. Jonathan Hayes, Resnik Hayes, Moradi LLP (Los Angeles) I met with my best friend Jim King, consumer bankruptcy attorney extraordinaire, during the Thanksgiving break in 2014, several weeks before his untimely death. We met at his office in Glendale to do his oral history. Somewhere in there I told him he could borrow my...
Critical Case Comment – In re Boyd, 414 B.R. 223 (Bankr. N.D. Ohio August 26, 2009) (Harris)
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In re Boyd, 414 B.R. 223 (Bankr. N.D. Ohio August 26, 2009) (Harris)
Even though a court should apply the “mechanical approach” in determining a debtor’s projected disposable income, adequate tools exist to permit a debtor to be relieved from an unnecessarily high calculation of projected disposable income and a trustee to contest confirmation where a debtor fails to commit what they can afford to pay.
Summary of the Case
The debtor calculated his . . .
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