Type: Amicus
Date: October 30, 2007
Description: Negative equity.
Result: Reversed. Debtor lost. 562 F.3d 618 (4th Cir. 2009)
In re Price, No. 07-2185 (4th Cir.)
Posted by NCBRC - September 2, 2011
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HAVEN Act Guide
The Honoring American Veterans in Extreme Need Act of 2019 (“HAVEN Act”) excludes certain benefits paid to veterans or their family members from the definition of current monthly income (“CMI”) found in the Bankruptcy Code. The HAVEN Act amends § 101(10A) of the Bankruptcy Code and supplements the 2005 amendments to the Code that excluded other government benefits, such as social security income.
This Guide provides an overview of the HAVEN Act identifies benefits that are excluded, and answers frequently asked questions.
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