Found a very informative document today on the US Trustees' website that goes into detail about how the US Trustees office interprets specific lines on the Ch 13 B22C forms (including what's allowed and what's not) when calculating disposable income.
What I found most interesting:
- In multiple locations, if you are surrending an asset, the costs of loan payments and upkeep for that asset cannot be included in expenses
- See page 9 Line 50 stating that "mathematical exactitude" is not necessary for calculating the monthly payment
- See page 9 Line 58 stating that the US Trustees are now considering future projected income as well as the income showin on the six-month look back
Ch 13 is in an evolving, ever-changing state of legal interpretations for sure.
What I found most interesting:
- In multiple locations, if you are surrending an asset, the costs of loan payments and upkeep for that asset cannot be included in expenses
- See page 9 Line 50 stating that "mathematical exactitude" is not necessary for calculating the monthly payment
- See page 9 Line 58 stating that the US Trustees are now considering future projected income as well as the income showin on the six-month look back
Ch 13 is in an evolving, ever-changing state of legal interpretations for sure.