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Consumer Bankruptcy Sep 17, 2023

Soldiers and Recent Veterans May Soon Be Subject to the Means Test/Thank You for Your Service

Soldiers and Recent Veterans May Soon Be Subject to the Means Test By Maurice “Mac” VerStandig Editor’s Note: ABI’s Task Force on Veterans and Servicemembers Affairs provides accessible resources for military members. Please visit veterans.abi.org for more information

College Tuition Made a Debtor Ineligible for Chapter 7

Chapter 7 can be inaccessible for a married debtor living in the same household with a nonfiling spouse who has substantial income.
4th Circuit Jun 14, 2023

‘13’ Debtors May Deduct their Actual Mortgage Expenses to Arrive at Disposable Income

The Fourth Circuit agreed with the Sixth and Ninth Circuits by allowing chapter 13 debtors to deduct their actual mortgage expenses, not limited by the local standard mortgage deduction.

‘13’ Debtors Need to Know Whether They Lose Appreciation When They Sell a Home

One of the biggest unanswered questions in chapter 13 sometimes forces debtors to keep homes they need to sell or strips away appreciation if they are forced to sell.

Some or All Parties-in-Interest? The Gradual Evolution of Factors Considered in Debtors’ Involuntary Conversions

Some or All Parties-in-Interest? The Gradual Evolution of Factors Considered in Debtors’ Involuntary Conversions By Tom Riske and Evan Miller Bankruptcy is often a tale of “too many creditors chasing too few dollars,” 1 but what happens when creditors and parties-in