By Cathy Moran, Esq. (Redwood City, CA) Mention tax calculations to a bankruptcy attorney and 7 out of 10 freeze on the spot. I'm not a tax attorney, they retort. That's right, but, if you are a bankruptcy attorney, that doesn't relieve you from knowing enough tax to get the means test right. Not to mention not giving up your...
Critical Case Comment
Print This Article
Link to Post:
By Henry E. Hildebrand, III, Chapter 13 Trustee for the Middle District of Tennessee
In re Knorr, 2013 WL 5550209 (Bankr. M.D. Pa. October 8, 2013) (Thomas)
Child care expenses may only be permitted as reasonable and necessary expenses if they are necessary to provide for a taxpayer’s health and welfare or the production of income; the court can permit a debtor a year to come into compliance with the IRM’s obligation to trim unnecessary expenses.
Case Summary
The Knorrs filed a Chapter 13 plan proposing to pay all of their Projected Disposable . . .
It looks like you are not signed in or registered! This content is only available to members.
Or sign in below:
Related Articles
Critical Case Comment – Pigs Get Fat/Hogs Get Slaughtered
Critical Case Comment – Don’t File a Individual Chapter 13 If the Assets Are Owned by an LLC; It Will Cost You – BIG
Taxes & Timing: Calculating Outcomes for Bankruptcy Debtors
Will Artificial Intelligence Run Wild on the Legal Profession?
Tenancy by the Entireties and the § 522(f) Calculation
Tax Projections and the Means Test
From the Editor – Debtor’s Attorney
Consumers Are Consuming Cash at an Unsustainable Rate
Beyond Professional Ethics
Max’s Knowledge Nugget