I'm a consumer protection lawyer in Oregon, working with people in Klamath; Lake; Jackson; Josephine; Curry; and Deschutes County. I speak regularly on bankruptcy and consumer protection issues nationwide.

 

Author: Karen Oakes, Esq.

12 Sep High Income Bankruptcy Debtor? Be Prepared for a 5 Year Chapter 13 Plan!

ping pongOn August 29, 2013, the 9th Circuit Court of Appealscourt issued a decision in a bankruptcy case dealing with above average income debtors; the case name is In Re Flores (Ana Flores v. Rod Danielson). That decision will have a huge impact on bankruptcy debtors on the West Coast (the 9th Circuit is made up of California, Hawaii, Idaho, Oregon, Washington, Arizona, Nevada, Montana) who make more than the average bankruptcy debtor or consumer. The Flores 2013 case states that an above-median-income debtor MUST be in a 60-month Chapter 13 repayment plan.
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