· 2/20/2007
Kibbe v. Sumski
Citations
- 361 B.R. 302
- 57 Collier Bankr. Cas. 2d 1646
- 2007 Bankr. LEXIS 1035
- 2007 WL 512753
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- the term “projected disposable income” for below-median income debtors is forward looking and reality based
- if “currently monthly income” is not true to DR’s actual current income, then the court should use the latter and avoid the artificial measure
- Said most directly, the object is not to select the right form, but to reach a reality-based determination of a debtor’s capabilities to repay creditors!
- “Congress intended the term ‘projected disposable income’ for below-median income debtors to be forward-looking and reality based and not grounded in blind adherence to any artificial formulation.”
- “There is no discretion woven into the statute to substitute the debtors’ Schedule J expenses for the section 707(b) standardized formula for the calculation of applicable and actual expenses.”
- \ 'projected disposable income’ as set forth in § 1325(b)(1)(B) must be grounded in the Debtor’s anticipated income ... during the term of the plan”; \Form B22C must at least be the starting point for any determination of 'projected disposable income’ ”
Source: CourtListener parenthetical corpus (CC0).
Judges: Feeney, Somma
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.