By Janet Flaccus · October 10, 2011 · 2011 Ark. L. Notes
In categories: Business Law
The Supreme Court last January decided that a Chapter 13 debtor with above the median income could not deduct car expenses under the IRS rules when he did not owe any debt on the car. This case is important for us because the Court of Appeal for the Eighth Circuit had ruled the other way allowing the deduction.