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· 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 CourtListener

Sourced 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.