In re Watkins

Ruling: 
Debtor not entitled to standard vehicle ownership expense deduction for vehicles owned free and clear.
Procedural posture: 
The United States Trustee asserted that bankruptcy debtors, in calculating their monthly disposable income, improperly claimed vehicle ownership expenses for vehicles which they owned free and clear of liens, and expenses for repayment of a loan from an employee retirement plan. The Trustee moved to dismiss the debtors' case under 11 U.S.C.S. § 707(b)(2)(A) based on the presumption of abuse of chapter 7 bankruptcy.
Issue: 
ABI Membership is required to access the full summary of In re Watkins. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Consumer case opionion summary, case decided on June 18,2008, LexisNexis #0708-124