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Monthly Archives: July 2012
Means Test–Expenses–Secured debt expense:
Applying the “forward-looking approach” embraced in Ransom v. FIA Card Services, N.A., 131 S.Ct. 716 (2011) and Hamilton v. Lanning, 130 S.Ct. 2464 (2010), even though those were Chapter 13 cases, two courts held that a Chapter 7 debtor may … Continue reading
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More Flexible Offer-in-Compromise Terms Help Taxpayers Make a Fresh Start
The IRS has expanded its “Fresh Start” initiative by offering more flexible terms to its Offer-in-Compromise Program. These newest rules enable some financially distressed taxpayers to clear up their tax problems even quicker. An offer-in-compromise (OIC) is an agreement between … Continue reading
Keep the Child and Dependent Care Tax Credit in Mind for Summer Planning
During the summer many parents may be planning the time between school years for their children while they work or look for work. The IRS wants to remind taxpayers that are considering their summer agenda to keep in mind a … Continue reading
Eighth Circuit Finds FDCPA Protects Person Mistakenly Identified as Debtor
In Dunham v. Portfolio Recovery Associates, L.L.C., the Eight Circuit rejected to the debt buyer’s argument and the lower court’s holding that the FDCPA did not provide any protection to a person from whom the debt collector mistakenly sought payment … Continue reading