Spending every dollar they make, and then some, is often how our Chapter 13 clients got into financial trouble. Yet Chapter 13, as practiced, validates the practice of continuing to spend 100% of each month’s income during the life of the plan. In doing so, we, as a society, squander the chance to use Chapter 13 to teach new budgeting...
Critical Case Comment – Hamilton v. Lanning, 2010 WL 2443704 (S.Ct. June 7, 2010)
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Hamilton v. Lanning, 2010 WL 2443704 (S.Ct. June 7, 2010)
When a bankruptcy court calculates a debtor’s projected disposable income, the court may account for changes in the debtor’s income or expenses that are known or virtually certain at the time of confirmation.
Summary of the Case
By now most of us know the story of Stephanie K. Lanning. She had $36,700 in unsecured debt when she filed a Chapter 13 petition in . . .
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