Bankruptcy Courts Deny, And Allow, Car Ownership Deduction In Means Test For Fully Paid Vehicles

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08-17-2008, 11:30 PM	#1 (permalink)
Repair Bad Credit Elite Member Join Date: Aug 2006 Posts: 1,835 Casino Cash: $300000	Bankruptcy Courts Deny, And Allow, Car Ownership Deduction In Means Test For Fully Paid Vehicles The Bankruptcy Means Test provides for a deduction for a car ownership expense, but Courts differ on whether or not the deduction can be taken if a car is fully paid for. Decisions that do not allow this often rely on the “plain meaning” of the language of the means test, however [...] More...

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