More – On Debtor Math

By Helen M. Morris, Chapter 13 Standing Trustee for the Northern and Southern Districts of West Virginia

Maybe it’s caused by the “Super Discharge” we lauded for a quarter century before BAPCPA. Or maybe it’s simply that “discharge” seems like a magic wand that makes liability disappear. For whatever reason, bankruptcy documents seem to elicit fantasies.

Take, for example, the recently dismissed case of debtors whose NET monthly income was $1,479.00, their living expenses $1,379.00 and their monthly plan payment $1,300.00. The purpose of the bankruptcy filing was to save . . .

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