Dear Steve,
Leaving aside the rhetorical and political fraud at the core of social security, there is a clear parallel: During the days of employment the Debtor contributed to social security and to his IRA. Both eventually pay out retirement distributions based on the amount that was contributed during the days of employment. However, 11 U.S.C. 101(10A)(B) does not exclude IRA distributions from current monthly income, but it does exclude social security. If Congress knows what it is doing when drafting statutory language - admittedly, a big assumption - it must have purposely left IRA distributions out of the 101(10A)(B) exclusions from income. Therefore, I don't see how you are going to exclude the IRA distribution income from either Form 22C or from plan payments.
You could, of course, use 101(10A)(B) to exclude the social security income from inclusion in plan payments. During an informal chat, Judge Jury told me that she felt this was a sound argument. When I told this to Rod Danielson, accepted it as legitimate in one of my Riverside Chapter 13s, so the Debtors did not have to devote any of their social security income to plan payments.
I hope this helps.
Nick
Nicholas Gebelt, Ph.D., J.D.
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