Type: Amicus
Date: February 23, 2015
Description: Whether wholly unsecured lien may be stripped in chapter 7.
Result: Reversed and Remanded, June 1, 2015
Bank of Amer. v. Caulkett, No. 13-1421, Bank of Amer. v. Toledo-Cardona, No.14-163 (S.Ct.)
Posted by NCBRC - February 27, 2015
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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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