The United States Supreme Court has ruled that an owner of a car does not get a car ownership expense allowance under the "means test" required for a consumer Chapter 7 bankruptcy. This ruling addresses a poorly worded section of the Code but the effect is unfortunate. A person with an $80 per month car payment now gets a $471 per month allowance. A person who owns that same car outright gets nothing. It really doesn't make sense.
A link to another blog with a good article on this is here
The case is Ransom v. FIA Card Services
. Full text PDF here