Bankruptcy Modifications

Bankruptcy Modifications

CARES Act § 1113(b) excludes stimulus checks as well as other re re re payments from being regarded as earnings for purposes associated with chapter 7 means ensure that you for determining in chapter 13 instances the quantity to cover unsecured creditors. These re re re re payments are excluded from “currently month-to-month income” under Bankruptcy Code § 101(10A) and “disposable income” under § 1325(b)(2). This allows debtors in bankruptcy instances to help keep stimulus re re payments rather than ask them to utilized to pay for creditors or reject bankruptcy relief. Weiterlesen