Central District Consumer Bankruptcy Attorney's Association

Note: Internal Revenue Manual 5.8.5 Financial Analysis provides for an increase in the operating expense by $200 (Add to the $251 for one vehicle) for vehicle "over six years old" and "reported mileage of $75,000 miles or more" and therefore do NOT list the $200 as an "ownership expense" since that is prohibited since In re Ransom.
Susana Tolchard wrote: Hi All-

When are additional amounts claimed on Line 21 ("housing and utilities adjustment")? I have a debtor who pays $1900 in rent and the difference between the actual rent amount and the allowed $1285 is exactly the amount of "disposable income" under the means test. Obviously, he cannot afford a 13 but is he out of luck for a 7 as well?

Also, he has two old cars, I believe the OUST would object to claiming two car owership expenses. Will they not? It's happened before...

Thanks in advance.

Susana B. Tolchard

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Note: Internal Revenue Manual 5.8.5 Financial Analysis provides for an increase in the operating expense by $200 (Add to the $251 for one vehicle) for vehicle "over six years old" and "reported mileage of $75,000 miles or more" and therefore do NOT list the $200 as an "ownership expense" since that is prohibited since In re Ransom.Susana Tolchard <stolchard@yahoo.com> wrote: Hi All- When are additional amounts claimed on Line 21 ("housing and
utilities adjustment")? I have a debtor who pays $1900 in rent and the difference between the actual rent amount and the allowed $1285 is exactly the amount of "disposable income" under the means test. Obviously, he cannot afford a 13 but is he out of luck for a 7 as well? Also, he has two old cars, I believe the OUST would object to claiming two car owership expenses. Will they not? It's happened before... Thanks in advance. Susana B. Tolchard You rock. That's why Blockbuster's offering you one month of Blockbuster Total Access, No Cost. __________________________________________________Do You Yahoo!?Tired of spam? Yahoo! Mail has the best spam protection around http://mail.yahoo.com

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