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02 Mar Bankruptcy Means Test: Student Loans Used to Obtain Dentistry Degree Not “Consumer Debts” Under Section 707(b)

The 2005 Bankruptcy Reform Act’s “means test” for chapter 7 bankruptcy filers was weakened by a recent ruling from a Texas bankruptcy court. Under this ruling, student loans incurred for the purpose of obtaining a professional degree to be used in business are not “consumer...
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17 Feb Last Day to Comment on New Chapter 13 Plan, Petition, Schedules, Means Test, Bankruptcy Rules Changes

The deadline for public comments to proposed changes to bankruptcy rules and official forms has been extended two days to Tuesday, February 18, 2014, at 11:59 p.m. eastern time. “Speak before then, and you may influence whether these forms,as written, are modified before adoption.” —...
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