In re Timothy
May
12
2009
Ruling
Confirmation denied where above-median debtors' plan did not propose to pay monthly disposable income for 60 months.
Procedural posture
Debtors filed a petition under chapter 13 and a plan for repaying their creditors. A trustee was appointed to represent the debtors' bankruptcy estate, and he filed an objection to confirmation of the debtors' plan, claiming that the amount the debtors proposed to pay to nonpriority unsecured creditors did not satisfy the projected disposable income requirements of 11 U.S.C.S. § 1325(b).
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Court
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