In Re Boyd

MEMORANDUM OF OPINION

ARTHUR I. HARRIS, Bankruptcy Judge.

This Chapter 13 case is currently before the Court on confirmation of the debtor’s second amended plan of reorganization and the trustee’s objection. The primary issue is whether this above-median income debtor is devoting all of his “projected disposable income” to his unsecured creditors in compliance with 11 U.S.C. § 1325(b). More specifically, the Court must choose between two competing schools of thought in interpreting section 1325(b), as amended by Congress in 2005 1 —the forward-looking approach and the mechanical approach. The…