Bankruptcy by Keyword:
"$200 Clunker Allowance"
IRS standards .
vehicle allowance .
Case Law Topics
At one time, (before the Supreme Court ruled on the Ransom case), the court rulings and trustees routinely agreed that even if a debtor does not have lease or loan obligation, they are still entitled to an extra $200 operating expense allowance for vehicles more than 75K miles or six years old.
This is based on the fact that the IRS follows this practice and BAPCPA uses IRS transportation spending allowances in the means test.
However, since the Ransom case, courts have almost unanimously ruled that you can no longer take the $200 "clunker allowance," based on what the Supreme Court said in that case about