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: Legal Pad | LAJudges must stick to terms of bankruptcy code that cut higher-income debtors a break
By Jason Siegel
The 9th U.S. Circuit Court of Appeals ruled that the strict language of the 2005 bankruptcy reform law allows higher-income debtors to limit the amount of money and time for repayment of debts, though lower-income debtors do not share the same benefit.
Also, the 9th Circuit held that bankruptcy judges must stick to the terms of the 2005 bankruptcy reform law even though it treats higher-income debtors better than lower-income debtors when it comes to calculating income available to pay creditors in Chapter 13 reorganizations.
Full post as published by Legal Pad | LA on July 17, 2008 (boomark / email).
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