Contact Information

Karina Pia Lucid, Esq.
266 King George Rd, Suite C2
Warren, New Jersey 07059

We are in the King George Plaza Building just off Rte 78, Exit 36

Tel: (908) 350-7505 

Fax: (908) 350-4505

klucid@karinalucidlaw.com

Loading..
Save & Close

Avvo - Rate your Lawyer. Get Free Legal Advice.

 

Directions
« The foreclosure crisis lingers on…. | Main | LucidLaw.Org is on Facebook »
Tuesday
May242011

New Supreme Court Justice's first published opinion is a "win" for the Credit Card companies.

Recent Supreme Court decision, Ransom v FIA Card Services, reminds consumer debtors and their attorneys to watch how they calculate their deductions for the "means test"!  A debtor in bankruptcy who owns a vehicle and does not have a loan or lease payments may not deduct the expense of having that vehicle for purposes of calculating eligibility for a chapter 7 bankruptcy or for determining a debtor's payment obligations in a chapter 13 plan.

When you retain our firm you will recevie all the information and assistance you need to make sure your bankruptcy petition is fully compliant with the current laws!

Check out the opinion at:
http://www.supremecourt.gov/opinions/10pdf/09-907.pdf

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>