Dieppa Law BlogChapter 13
Social Security Not to be Included in Disposable Income for Bankruptcy Plan
The 8th Circuit Bankruptcy Appellate Panel recently ruled that Chapter 13 bankruptcy filers do not have to include social security from consideration as disposable income. The law has always allowed a debtor to voluntarily use social security payments to fund a repayment plan, but a bankruptcy trustee may not object where the debtors fail to apply these funds [...]
Is Chapter 13 Worth The Pain?
Most of my clients dread being told they must file Chapter 13 and are stuck being in bankruptcy court for five years. A small percentage of them realize the substantial benefits of Chapter 13. In particular, the ability to modify or “cram down” a mortgage on an investment property and to strip away liens on [...]