{"id":787,"date":"2012-07-16T12:46:57","date_gmt":"2012-07-16T17:46:57","guid":{"rendered":"http:\/\/hoorfarlaw.com\/blog\/?p=787"},"modified":"2012-07-16T12:46:57","modified_gmt":"2012-07-16T17:46:57","slug":"chapter-13-confirmation-of-plan-calculation-of-projected-disposable-income","status":"publish","type":"post","link":"https:\/\/hoorfarlaw.com\/blog\/?p=787","title":{"rendered":"Chapter 13&#8211; Confirmation of plan&#8211; Calculation of projected disposable income"},"content":{"rendered":"<p><a href=\"http:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2012\/07\/ch-13.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-thumbnail wp-image-788\" title=\"ch 13\" src=\"http:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2012\/07\/ch-13-150x150.jpg\" alt=\"\" width=\"150\" height=\"150\" \/><\/a><br \/>\nAddressing one of the significant issues still open regarding the calculation of a Chapter 13 debtor&#8217;s projected disposable income, the court said that, while Code \u00a71325(b)(3) requires that the determination of the expenses for an above-median debtor be made in accordance with Code \u00a7\u00a7707(b)(2)(A), (B), this does not obviate the Bankruptcy Code&#8217;s threshold requirements, in \u00a71325(b)(2), that the amount of an expense be reasonable necessary. Here, the debtor&#8217;s monthly mortgage expense of $5,857 was not reasonably necessary where the applicable IRS Local Standard for monthly housing expenses for a one-person household in Burlington County, New Jersey, was $1,125. The debtor&#8217;s five-bedroom residence had a total of 6,100 square feet, as well as numerous luxury features such as a 300\u2014plus-bottle wine cellar, a second kitchen, a pool table room, and a heated pool. Moreover, the debtor&#8217;s Form 22C deducted expenses for electricity, heating fuel, sewer\/water, and home maintenance totaling $880, which was nearly double the local standard for non-mortgage housing utilities of $491. <em>In re Konowicz, <\/em>2012 WL 1813410.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Addressing one of the significant issues still open regarding the calculation of a Chapter 13 debtor&#8217;s projected disposable income, the court said that, while Code \u00a71325(b)(3) requires that the determination of the expenses for an above-median debtor be made in &hellip; <a href=\"https:\/\/hoorfarlaw.com\/blog\/?p=787\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[74,118],"class_list":["post-787","post","type-post","status-publish","format-standard","hentry","category-general","tag-chapter-13","tag-irs-local-standard"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=787"}],"version-history":[{"count":2,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/787\/revisions"}],"predecessor-version":[{"id":790,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/787\/revisions\/790"}],"wp:attachment":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}