Last Friday, May 11th, 2012, Nancy Clark of Borowitz & Clark and Beth Schneider of Rod Danielson’s Office argued the applicable commitment issue before the 9th circuit. I’ve been told that the three panel judge stated on the record that they did not have much knowledge of bankruptcy law and both attorneys had to spend some time explaining how things work in chapter 13 bankruptcy. Hopefully, we will have some clarity on this last major issue in the near future. We have been waiting for about seven years since BAPCPA was enacted for the courts to tell us what the “applicable commitment period” actually means. Keep your fingers crossed.
Aki Koyama