By Jan Hamilton, Standing Chapter 13 Trustee (Topeka, KS) I just got back from RAGBRAI, which is a bicycle ride across Iowa. This year, it was 468 miles, with lots and lots of hills. (Biking Across Kansas was over 500 miles this year.) Such beautiful country. Estimates vary on actual number of riders, but anywhere from 16,000 to 20,000. Iowa...
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By Henry E. Hildebrand, III
Parks v. Drummond (In re Parks), 2012 WL 3193342 (9th Circuit BAP, August 6, 2012) (Jury)
Section 541(b)(7)(A) does not authorize Chapter 13 debtors to exclude voluntary post-petition retirement contributions in any amount for purposes of calculating their disposable income.
Case Summary
The Parks filed a Chapter 13 petition in January 2011. They were employed, had income above the applicable median income for their state, and had been contributing approximately $318 a month to their respective 401(k) retirement plans. In calculating their disposable income on Form 22C, the . . .
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