Ransom v. FIA Card Services, N. A.
Supreme Court of the United States
1Opinion of the CourtJustice Kagan
Chapter 13 of the Bankruptcy Code enables an individual to obtain a discharge of his debts if he pays his creditors a portion of his monthly income in accordance with a court-approved plan. 11 U. S. C. § 1301 et seq. To determine how much income the debtor is capable of paying, Chapter 13 uses a statutory formula known as the “means test.” §§ 707(b)(2) (2006 ed. and Supp. Ill), 1325(b)(3)(A) (2006 ed.). The means test instructs a debtor to deduct specified expenses from his current monthly income. The result is his “disposable income” — the amount he has available to reimburse creditors. §…
2Cases cited12 opinions
- United States v. Ron Pair Enterprises, Inc.Supreme Court of the United States · 1989
- Leocal v. AshcroftSupreme Court of the United States · 2004
- Milavetz, Gallop & Milavetz, P. A. v. United StatesSupreme Court of the United States · 2010
- In Re SlusherUnited States Bankruptcy Court, D. Nevada · 2007
- Ross-Tousey v. NearyCourt of Appeals for the Seventh Circuit · 2008
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