April 19, 2010
Supreme Court Grants Cert in Ransom
Title: Ransom v. MBNA, America Bank
Issue: Whether, in calculating the debtor’s “projected disposable income” during the plan period, the bankruptcy court may allow an ownership cost deduction for vehicles only if the debtor is actually making payments on the vehicles.
Five bankruptcy cases in one year!! This probably will not be heard until next term.
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