Type: Amicus
Date: June 21, 2011
Description: Application of absolute priority rule in individual chapter 11 case.
Result: Reversed and remanded, March 19, 2012
In re Friedman, No. 11-1149 (B.A.P. 9th Cir.)
Posted by NCBRC - September 3, 2011
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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.
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