The Supreme Court decided in the Lanning case to use a forward looking approach and upheld the appellate court's decision that, When a bankruptcy court calculates a debtor’s projected disposable income, the court may account for changes in the debtor’s income or expenses that are known or virtually certain at the time of confirmation.
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Published In:
Bankruptcy Updates
Reference Info:
Decision |
Federal, U.S. Supreme Court |
United States
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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