Debt limit: Pursuant to § 109(e) “only an individual with regular income that owes, on the date of the filing of the petition, noncontingent, liquidated, unsecured debts of less than $360,475 . . . may be a debtor under chapter 13 of this title.”12 For Chapter 13 relief, it is clear that only individuals qualify.… Read More »Debt Limit in Chapter 13

Means Test: Expenses above the standards In re Shinkle, 382 B.R. 85 (Bankr. E.D. Ky., 2008) Code section 707(b)(2)(B) gives examples of special circumstances such as a serious medical condition or a call to active duty in the armed services. The statute also requires that a debtor’s special circumstances leave him with “no reasonable alternative”… Read More »Means Test: Expenses above the standards

Walker v. UpRight Law (In re Walker), C/A No. 18-04406-hb, Adv. Pro. No. 18-80075-hb, slip op. (Bankr. D.S.C. Jun 21, 2019)It is important that you are counseled by a local bankruptcy attorney prior to deciding to file bankruptcy. SC Court denies, Chicago based, Upright Law’s Motion to Dismiss, finding that There was no evidence that… Read More »It is important that you are counseled by a local bankruptcy attorney prior to deciding to file bankruptcy.

The South Carolina Ride Through for Mortgages

Case law concerning mortgage creditor’s request for reaffirmation agreement. In this case, the court holds that to force reaffirmation upon the Debtor would deny the Debtor a fresh start. Additionally, the termination of the automatic stay in the instance that a Debtor does not reaffirm, redeem or surrender, applies only to personal property. In re:… Read More »Mortgage creditor’s request for reaffirmation agreement

Payments towards college student expenses and tuition may be held to be preference or fraudulent transfers if the student is above the age of majority. This issue has not been heard in South Carolina as of 10-9-19. Geltzer v. Oberlin Coll. (In re Sterman), 594 B.R. 229 (Bankr. S.D.N.Y., 2018)

Debtor awarded $10,000 towards his truck after Court holds that repossessing creditor engaged in an egregious violation of the automatic stay. Chambers v Auto Brokers, 2018

Debtor meets the “totally and permanently” disabled test: https://drive.google.com/file/d/1epplqhG5U2vwfdcTsKfEZAgNGBFEfz2_/view?usp=sharing

SC Bankruptcy court limits a creditor’s claim for fees and costs in the Chapter 13 Plan. In re Longhurst, C/A No. 19-01926-hb, slip op. (Bankr. D.S.C. Oct 29, 2019) ORDER REGARDING MOTION TO DETERMINE MORTGAGE FEES AND EXPENSES

Trustee successfully disputes means test application. VA income, Thrift savings account, income calculation, retirement loan repayment, tax calculations, marital deduction