Ninth Rules No More Ownership Expenses Allowed on Debt-Free Vehicles.
On August 14, 2009, the Ninth Circuit issued its decision in the Ransom case, denying ownership deductions on the means test to debtors who have vehicles but no vehicle payments. Nevertheless, such an adverse decision can usually be circumvented by most competent bankruptcy attorneys. To read more about this decision, please click my National Blog Here.
Written by Michael G. Doan