The Bankruptcy Helpline

The Chapter 13 plan of a debtor who had no increase in her income during the postpetition, preconfirmation period could be confirmed, even though the national standards for the debtor’s permissible monthly expenses under the means test were lowered prior to the creditors meeting in her case and the trustee objected on the grounds that, due to the changed standards, the plan did not meet the projected disposable income test of the plan confirmation statute. The governing standards were those that were in effect when the debtor filed her petition.

Related posts:

1. A Look at Chapter 7 Bankruptcy
2. If I am filing bankruptcy, what will happen to the loan against my retirement plan?
3. Holder of long-term debt dealt with under cure-and-maintenance plan did not have to give notice of postpetition legal fees.