LexisNexis® Legal Newsroom
High Court Adopts Forward-Looking Method Of Calculating Disposable Income

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court in an 8-1 decision June 7 affirmed an appellate court's ruling and held that when a bankruptcy court calculates a debtor's projected disposable income, the court may account for changes in the debtor's income or expenses that are known...

U.S. High Court Hears Oral Arguments In Dispute Over Taxing Severance Payments

WASHINGTON, D.C. — (Mealey’s) Severance payments fall within the Federal Insurance Contributions Act’s (FICA) definition of wages and are taxable, Assistant to the Solicitor General Eric J. Feigin told the U.S. Supreme Court Jan. 14 in arguments presented on behalf of the United States...