Jump to content

3rd Circuit: cannot include payments on secured debt that will be surrendered


Recommended Posts

"A debtor cannot deduct payments on secured debt from his current monthly income under the means test when he intends to surrender the collateral that secures the debt." -In re Naut, 59 Collier Bankr. Cas. 2d (MB) 305, 2008.

Interestingly, not all circuits seem to agree. In re Masella (Ohio) had a different outcome.

Link to comment
Share on other sites

This topic is now closed to further replies.

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.