8th Circuit Bankruptcy Appellate Panel Rules Debtor Can't Deduct Vehicle Expense
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Summary
Chapter 13 debtors cannot deduct a monthly vehicle ownership expense where they own the vehicle outright and make no monthly payments, the 8th Circuit Bankruptcy Appellate Panel has ruled in reversing an order approving their plan.
The debtors filed under Chapter 13 after the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 became law. They owned two vehicles outright.See the full content of this document
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8th Circuit Bankruptcy Appellate Panel Rules Debtor Can't Deduct Vehicle Expense
They claimed $800 in "ownership expenses" per month as part of th...
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