January 11, 2011
Justice Kagan Hands Down First Opinion-Only Scalia Dissents
"The Supreme Court's newest justice, Elena Kagan, handed down her first opinion Tuesday, writing that a debtor cannot escape increased payments to his creditor under a complicated formula found in a 2005 bankruptcy law. Seven of the other eight justices agreed."
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In my opinion, this ruling is counterintuitive... but who says the law is always intuitive especially at the level of the Supreme Court. So, I would recommend inserting an additional $200 expense in form 22 for vehicles older than 5 years old or with greater than $75,000 miles.
Posted by: Gerald Wolfe | Jan 12, 2011 10:12:48 AM