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§ 707(b)(2)(A)(iii)

In re Walker

Ruling
Debtors were entitled to deduct from their current monthly income the average payment on debts secured by surrendered collateral.
Procedural posture

Petitioner debtors sought to deduct from their current monthly income ("CMI") under 11 U.S.C. § 707(b)(2)(A)(iii) the payments due on their secured debts despite their surrender of the collateral, a residence and vehicle, securing those debts. Respondent trustee objected.

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opinion summary, case decided on May 01, 2006 , LexisNexis #0606-075