Fw: debtor education expenses allowed?
Posted: Fri Mar 21, 2008 11:26 am
re-sending this since nobody responded. Surely someone must have experience with this
For purposes of calculating budgets on Schedules "I" and "J" for either Ch. 7 or 13:
Are judges allowing education expenses for debtors? I have a particular case now which will be a Chapter 13, but the difference in the monthly payment could be decreased by the amount spent on education, which is about $500 per month. The debtor's wife earns all the income, and he's gone back to school for the next few years to better his career.
I need to give him some assurance of what the monthly payment in the 13 would be.
Thanks...
______________________
Mark J. Markus
Law Office of Mark J. Markus
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)509-1460 (fax)
web: http://www.bklaw.com/
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 (or in any attachment).
re-sending this since nobody responded.
Surely someone must have experience with this
For purposes of calculating budgets on Schedules
"I" and "J" for either Ch. 7 or 13:
Are judges allowing education expenses fordebtors? I have a particular case now which will be a Chapter 13, but the
difference in the monthly payment could be decreased by the amount spent oneducation, which is about $500 per month. The debtor's wife earns all the
income, and he's gone back to school for the next few years to better his
career.
I need to give him some assurance of what the
monthly payment in the 13 would be.
Thanks...
______________________Mark J. MarkusLaw
Office of Mark J. Markus11684 Ventura Blvd. PMB #403Studio City, CA91604-2652(818)509-1173 (818)509-1460 (fax)web: http://www.bklaw.com/This Firm is aQualified 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 addresseeonly. 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 (or in any
attachment).
The post was migrated from Yahoo.