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Cleaning The Mess Of The Means Test: The Need For A Case-By-Case Analysis Of 401(K) Loans In Chapter 7 Bankruptcy Petitions, Luke Welmerink
Cleaning The Mess Of The Means Test: The Need For A Case-By-Case Analysis Of 401(K) Loans In Chapter 7 Bankruptcy Petitions, Luke Welmerink
Golden Gate University Law Review
This Comment examines the relevant case law regarding Chapter 7 petitions and the policy implications of not considering 401(k) loan repayment a necessary expense. Section II provides an overview of the treatment of 401(k) loans in bankruptcy, as well as a more detailed review of means testing and an analysis of Other Necessary Expenses. Section III argues that courts should look to the facts and circumstances surrounding petitions to determine whether 401(k) loan repayments can be deducted as necessary expenses, and that doing so will not affect the ability of courts to properly dismiss abusive petitions under a totality-of-the-circumstances analysis. …
Optimal Allocation Of Law-‐Making Power Over Bankruptcy Law In "Federal" And "Quasi-‐Federal" Legal Systems: Is There A Case For Harmonizing Or Unifying Bankruptcy Law In The E.U.?, Federico M. Mucciarelli
Optimal Allocation Of Law-‐Making Power Over Bankruptcy Law In "Federal" And "Quasi-‐Federal" Legal Systems: Is There A Case For Harmonizing Or Unifying Bankruptcy Law In The E.U.?, Federico M. Mucciarelli
Federico M. Mucciarelli
In “federal” or “quasi-federal” legal systems, the competence over bankruptcies can be allocated either to the “federal' level” or to the “member states”. In this regard, the E.U. and the U.S. follow two different paths: while in the U.S. bankruptcy law is federalized, in the E.U. it is governed by member states. E.U. law has only unified choice-of-law and choice-of-forum criteria through a Regulation enacted in 2000, according to which, the main insolvency proceeding is governed by the jurisdiction of debtor’s “Centre of Main Interests” (“COMI”). This mechanism was meant to grant legal certainty and to avoid forum shopping, but …