Posted by NCBRC - August 30, 2011
Type: Amicus
Date: May 6, 2011
Description: Whether debtors who make some payments on secured vehicles can deduct the full Ownership Cost set forth in the IRS Local Standards when calculating projected disposable income.
Result: Debtor won. 2011 WL 3501835 (Bankr. S.D. Ill. Aug. 9, 2011)
Scott Bankr SD Ill opinion
Scott NACBA Amicus Bankr SD Ill
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American College of Bankruptcy
The American College of Bankruptcy is an honorary public service association of bankruptcy and insolvency professionals who are invited to join as Fellows based on a proven record of the highest standards of professionalism plus service to the profession and their communities. Together with its affiliated Foundation, the College is the largest financial supporter of bankruptcy and insolvency-related pro bono legal service programs in the United States.
NACBA
The only national organization dedicated to serving the needs of consumer bankruptcy attorneys and protecting the rights of consumer debtors in bankruptcy. Formed in 1992, NACBA has more than 3,000 members located in all 50 states and Puerto Rico.
