The wait is over; the decision is in. Homeowners in the 9th Circuit can strip off underwater mortgages in Chapter 13 cases even when they aren’t entitled to a bankruptcy discharge, the 9th Circuit BAP has held. Thus, courts have taken another step in the building consensus that the debtor doesn’t have to be eligible […]
The Most Important Bankruptcy Decision Of 2013
A bankruptcy case nominally about travel trailers, ATV’s, and a car for a an adult child gets my vote as the most important bankruptcy decision of 2013 for Californians. When the 9th Circuit decided Welsh, it told us, and Chapter 13 trustees, that you take your Chapter 13 debtors as you find them. If you […]
What T-Boz Missed When Chapter 13 Dismissed
T-Boz Watkins got her Chapter 13 case tossed out of court for not following the rules of Chapter 13 bankruptcy. While Jay Fleischman at ConsumerHelpCentral laid down the law, so to speak, in listing the rules, he didn’t remind us why they are worth following. Chapter 13 bankruptcy: better than sliced bread […]
“Chapter 20” Lives in Northern California Bankruptcy Courts
Debtors with a Chapter 7 discharge too recently to get a discharge in a subsequent Chapter 13 can strip off underwater mortgage liens under a decision issued by Judge Edward Jellen in the Oakland division. This has been a simmering issue, since the guidelines issued by the judges in the Northern District of California include […]
Chapter 13 debt limits double for couples
Each debtor in a Chapter 13 was entitled to debts within the debt ceilings for Chapter 13 eligibility according to a recent bankruptcy decision out of Kansas called Dana Werts. That effectively doubled the amount of debt a married couple could have and still meet the debt limits of Chapter 13. Judge Karlin recognized that a […]
Catch tax deductions in Chapter 13 payments
It’s tax season: don’t forget to write off the deductible expenditures made by your Chapter 13 trustee on your tax return. Many Chapter 13 plans are paying mortgage arrears (which are almost exclusively deductible interest), taxes of some sort, or business expenses. These items should be deductible to you. You can get a report from […]
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