Two Questionable Expenses on Means Test

[anonymuse]

Found this on The BK Blog:

http://thebklawyer.com/thebkblog/

Means Test MusingsReasonableness of supporting a college aged child - the U.S. Trustee will object if you include food, housing and transportation expenses for a college aged child. According to the trustee, these expenses are not necessary.

Vehicle leases

[aa06a47]

Found this on The BK Blog:

http://thebklawyer.com/thebkblog/

Means Test MusingsReasonableness of supporting a college aged child - the U.S. Trustee will object if you include food, housing and transportation expenses for a college aged child. According to the trustee, these expenses are not necessary.

Vehicle leases

Sounds like the judge is being unreasonable. Bet his ass, and his kids ass, consider any expenses while they are in college to be necessary. Also, how can you punish a person for leasing a vehical instead of buying one. Generally, a lease will be less expensive, and hence, more for the unsecured creditors. Sounds like this judge has not been in the real world much.

[Bobby'sGirl]

Wondering...

...if that opinion on college age kid is because when you/they/loans are paying already for room and board (if they live in a dorm), you shouldn't "double-dip" by including those expenses for months they are not living in the household. Tough love: "No sugar, you can't come home every weekend to see BF/GF because court won't allow me to feed you and pay for gas for the car to get you back and forth!!!!

[Minnymouth]

Yeah, if their away at school, they sure aren't living at home anymore........... called double-dipping by the Court............

[SinkingFast]

Well this is just GREAT!!

We're supporting a college aged child!!

We deduct him on our taxes. We provide his food, shelter, and transportation. His medical, dental, vision, and auto insurances.

And BK Court isn't gonna allow us to consider him a dependent??!!

That's BULL$HIT!!

[SinkingFast]

I just wanted to add that these A$$HOLES cannot keep having it both ways.

According to the IRS parents are allowed to deduct their dependent college aged children, as long as you provide the greater portion of their support.

According the the Census Bureau, a FAMILY Household is all members of the domicile related by blood and or marriage. That's the definition used to determine the Debtor's dependents.

But now the Court wants to say since you are not legally obligated to provide assistance to your child to go to college, you cannot claim them as a dependent??!!

Excuse me, but they cannot have it both ways. It's either one or the other, but certainly not BOTH!

[SinkingFast]

Yeah, if their away at school, they sure aren't living at home anymore........... called double-dipping by the Court............

That would make sense, Minny, in one way. But if you're helping your kid pay for those costs to live away at college, then you're supporting them as if they were living at home.

In our case, Son is living at home while going to college. He attends college right here in town.

And because our credit is so bad, Son can't borrow any money more than what Stafford Loans allows. Which ain't much, I'll tell you. As a sophomore, what he can borrow won't even pay his tuition. Let alone books, fees, and living expenses.