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3rd Circuit: Bankruptcy trustee must return money upon conversion
A bankruptcy trustee was required to return money acquired post-petition upon the conversion of the debtor’s plan from Chapter 13 to Chapter 7, the 3rd Circuit has ruled in affirming judgment.
U.S. Courts: Bankruptcy filings continue to rise
Individual bankruptcy filings continue to rise, according to the latest annual report of bankruptcy statistics from the Administrative Office of the U.S. Courts.
Deduction requires actual payments
It has been a long and winding road for Wisconsin bankruptcy attorneys who file under Chapter 13 when an above-median income debtor owes no money on his car.
09-12428-13 In re Wirth
Bankruptcy Chapter 13; length of plan A bankruptcy court cannot confirm a plan proposed by above-median income debtors that lasts for less than 60 months, even if it offers creditors as much money as the chapter 13 means test would require be paid over that time period. “The statute says that the plan may be […]
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