Type: Amicus
Date: November 21, 2011
Description: Applicability of absolute priority rule to individual debtor in chapter 11.
Result: Judgment affirmed (June 14, 2012)
In re Maharaj, No. 11-1747 (4th Cir.)
Posted by NCBRC - November 27, 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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