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Five-Year Plans Now Required For Above-Median Chapter 13 Debtors
When Congress amended the bankruptcy laws in 2005, one of the changes concerned the length of Chapter 13 Plans. “Below-median” debtors (those with incomes below the median in their state of residence for a family of their size) were generally…
U.S. Trustee Audits to Resume
As recently reported in the Wall Street Journal, the U.S. Trustee recently announced a resumption of audits of consumer bankruptcy cases to start March 10. Those audits had been suspended due to budgetary constraints. Under federal law, the U.S. Trustee…