Perspective
Sep. 21, 2016
Ruling is a challenge for high-earning Chapter 11 debtors
While a high-earning debtor may be better able to formulate a feasible Chapter 11 plan than a lesser-earning debtor, increased income and assets may have the unintended consequence of increasing the debtor's payment obligations to creditors. By Howard N. Madris
Howard N. Madris
Law Office of Howard N. Madris, A P.C.bankruptcy and insolvency law
424 S Beverly Dr
Beverly Hills , CA 90212
Phone: (310) 277-0757
Email: hmadris@madrislaw.com
Boston Univ School of Law
Howard N. Madris practices bankruptcy and insolvency law at Beverly Hills-based Law Office of Howard N. Madris, A P.C.
According to the recent Geico Insurance TV ad campaign, "it's all about more." But is more always better? For a Chapter 11 individual debtor in bankruptcy, having more money or assets is not always beneficial. While a high-earning debtor may be better able to formulate a feasible Chapter 11 plan than a lesser-earning debtor, increased income and assets may have the unintended consequence of increasing the debtor's payment oblig...
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