N.C. Court Says 1325(b) Requirements Not Applicable to 1329 Modifications

In Max’s recent case, In re William Bernard White, Debtor, the U.S. Bankruptcy Court, W.C. North Carolina, Charlotte Division determined that the §1325(b)(1)(B) requirement that an above-median debtor devote all projected disposable income over a 60-month period to payment of unsecured claims did not apply in a post-confirmation modification triggered by a substantial and unanticipated change in debtors financial situation. …