Debtor Not Allowed To Claim ‘Phantom’ Expenses, Bank Tells U.S. High Court
WASHINGTON, D.C. – A bank that contends that transportation ownership expenses are not permitted in a bankruptcy when a debtor has no car payment filed a brief on Aug. 6 in the U.S. Supreme Court, insisting that “phantom” expenses cannot be deducted from disposable income (Jason M. Ransom v. MBNA America Bank, No, 09-907, Chapter 13, U.S. Sup.; See 07/07/10, Page 4).
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