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Vehicle rental and means test deduction
I haven't researched this, but just off the top of my head, renting by
month and leasing by year are the same except for the term. Granted, a
daily rental would stretch B22 credulity. However, given a history here
of months, I've never heard of anything limiting in the Bankruptcy Code
that specifies the minimum term for a lease. From there, like many other
parts of the means test, this is an all-or-nothing deduction, yet real
life is more gray. I'd then look at how much of the six-month lookback
period did this exist... if only 1 or 2, that seems to be asking for an
objection, if 5 or 6, that would seem fairly solid.
My two cents,
Hale
On 6/21/2018 9:46 AM, 'Peter M. Lively' petermlively2000@yahoo.com
[cdcbaa] wrote:
> Its arguably a secured debt under 707(b)(2)(A)(iii)
>
> Peter M. Lively, J.D., M.B.A.
> Law Office of Peter M. Lively * Personal Financial Law Center I
> 11268 Washington Boulevard, Suite 203, Culver City, California 90230-4647
> Telephone: (310) 391-2400 * Toll Free: (800) 307-3328 * Fax: (310)
> 391-2462
>
>
> On Wednesday, June 20, 2018, 5:32:16 PM PDT, 'Mark J. Markus'
> bklawr@yahoo.com [cdcbaa] wrote:
>
>
> Does anyone know if a vehicle rental (e.g. a monthly rental agreement)
> would qualify a debtor to take the means test deduction for vehicle
> ownership expense (like a lease or finance) on Line 13a?
>
>
> --
>
> *************************
> Mark J. Markus
> Law Office of Mark J. Markus
> _*Mailing Address Only:*_
> 11684 Ventura Blvd. PMB #403
> Studio City, CA 91604-2652
> (818)509-1173 (818)332-1180 (fax)
> web: http://www.bklaw.com/
> Certified Bankruptcy Law Specialist--The State Bar of California Board
> of Legal Specialization
> This Firm is a Qualified Federal Debt Relief Agency
> ________________________________________________
> NOTICE: This Electronic Message contains information from the law
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Its arguably a secured debt under 707(b)(2)(A)(iii)
Law Office of Peter M. Lively * Personal Financial Law Center I
11268 Washington Boulevard, Suite 203, Culver City, California 90230-4647
Telephone: (310) 391-2400* Toll Free: (800) 307-3328 * Fax: (310) 391-2462
On Wednesday, June 20, 2018, 5:32:16 PM PDT, 'Mark J. Markus' bklawr@yahoo.com [cdcbaa] wrote:
Does anyone know if a vehicle rental (e.g. a monthly rental agreement) would qualify a debtor to take the means test deduction for vehicle ownership expense (like a lease or finance) on Line 13a?
--
*************************
Mark J. Markus
Law Office of Mark J. Markus
Mailing Address Only:
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)332-1180 (fax)
web: http://www.bklaw.com/
Certified Bankruptcy Law Specialist--The State Bar of California Board of Legal Specialization
This Firm is a Qualified Federal Debt Relief Agency
________________________________________________
NOTICE: This Electronic Message contains information from the law office of Mark J. Markus that may be privileged. The information is intended for the use of the addressee only. If you are not the addressee, note that any disclosure, copy, distribution or use of the contents of this message is prohibited.
IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (or in any attachment) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this communication.
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The post was migrated from Yahoo.
Does anyone know if a vehicle rental (e.g. a monthly rental
agreement) would qualify a debtor to take the means test deduction
for vehicle ownership expense (like a lease or finance) on Line 13a?
*************************
Mark J. Markus
Law Office of Mark J. Markus
_*Mailing Address Only:*_
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)332-1180 (fax)
web: http://www.bklaw.com/
Certified Bankruptcy Law Specialist--The State Bar of California
Board of Legal Specialization
This Firm is a Qualified Federal Debt Relief Agency
________________________________________________
NOTICE: This Electronic Message contains information from the law
office of Mark J. Markus that may be privileged. The information is
intended for the use of the addressee only. If you are not the
addressee, note that any disclosure, copy, distribution or use of
the contents of this message is prohibited.
IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements
imposed by the IRS, we inform you that any U.S. tax advice contained
in this communication (or in any attachment) is not intended or
written to be used, and cannot be used, for the purpose of (i)
avoiding penalties under the Internal Revenue Code or (ii)
promoting, marketing or recommending to another party any
transaction or matter addressed in this communication.
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The post was migrated from Yahoo.