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Bankruptcy

: The Debt Podcast

Means Test and 707(b): Huge House Payment, Motor Home, and Boat Payments Allowed for Chapter 7 Debtors

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A surprising result in a California bankruptcy case: an $800,000 house with a monthly payment of $4,446, a motor home with a monthly payment of $396, and a boat with a monthly payment of $760 actually enabled a married couple to successfully file chapter 7.  The court in In re Jensen, 2009 WL 1708229 (Bky.C.D.Cal. [...]

Full post as published by The Debt Podcast on July 14, 2009 (boomark / email).

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