B22C CONTROLS, OR IF DEBTOR USES I AND J, MUST HAVE A FIVE YEAR PLAN
In re Beckerle, Case No.06-20572
April 2007, Judge Berger
ACP is a time frame of either 3 or 5 years and not a multiplier. B22C is a starting place in determining projected disposable income to be received in the 5-year period. A negative number on B22C indicates the plan is not feasible. Debtor can’t have it both ways. If the debtor relies upon I and J to prove feasibility, then the debtor must commit to a 5-year program.
Digest by: Jan Hamilton, Trustee
Related posts:
- How Long Does Chapter 13 Last if My Income is Below Median? BELOW MEDIAN MUST RUN 36 MONTHS, B22C IS TEMPORAL In re Daniel, Case No. 06-20714 December 2006, Judge Somers In...
- My Income Is Below Median, How Long Do I Pay My Chapter 13 Payments? BELOW THE LINE DEBTOR MUST RUN 36 MONTHS In re Pohl, Case No. 06-41236 May 2007, Judge Karlin The Court...
- Who Gets Paid Out of Chapter 13 Pool? WHAT GETS PAID OUT OF THE B22C POOL? In re Puetz, Case No 0620756 June 2007, Judge Berger B22C presumptively...
- No Early Payoff, But Chapter 13 Bankruptcy Plan Modification Possible PLAN MAY NOT PROPOSE EARLY PAYOFF BUT 1329 MAY ALLOW POST CONFIRMATION MODIFICATION In re Kidd, et al, Case No....
- What Is Required to Confirm My Chapter 13 Bankruptcy Plan? 11 U.S.C. § 1325. Confirmation of plan (a) Except as provided in subsection (b), the court shall confirm a plan if—...
