Baud v. Carroll

*330OPINION

COLE, Circuit Judge.

As numerous courts and commentators have noted, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (“BAPCPA”) has created many difficult problems of statutory interpretation, none more vexing than those arising from application of the “projected disposable income test” imposed by 11 U.S.C. § 1325(b)(1). Under § 1825(b)(1)(B) of the Bankruptcy Code (the “Code”), if the Chapter 13 trustee or the holder of an allowed unsecured claim objects to the confirmation of a debt- or’s plan that does not provide for full payment of unsecured claims, the plan may…