Chapter 13 Bankruptcy

30 Dec Retirement Account Contributions Allowed for Under-Median Income Chapter 13 Debtors: More on In re Parks

A state of Washington bankruptcy court decided that chapter 13 debtors with household incomes that are below their state's median income levels can continue making contributions to 401(k) and other retirement accounts. In re Bruce, No. 11-40939-BDL (Bky.W.D.Wash. Dec. 11, 2012), held that the Ninth...

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29 Oct Chapter 13 Debtor Not Required to Include Monthly Social Security Benefits in Chapter 13 Plan as Projected Disposable Income

The U.S. Court of Appeals, Tenth Circuit, recently held that a bankruptcy debtor's chapter 13 plan is not required to take Social Security benefits into account in calculating monthly"projected disposable income" under section 1325(b)(1). The court also held that it was not bad faith to...

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26 Oct Should I Be Worried About Going To My Meeting of Creditors?

After you file a bankruptcy case, you are required to attend a meeting of creditors. This is scheduled for about a month after your petition is filed, and is usually the only appearance you will need to make during the bankruptcy process. Should you be...

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