DISCLAIMER: The following unofficial case summaries are prepared by the clerk's office
as a courtesy to the reader. They are not part of the opinion of the court.
076063P.pdf 03/31/2008 David D. Coop v. Anne B. Lasowski
U.S. Court of Appeals Case No: 07-6063
U.S. Bankruptcy Court for the Eastern District of Arkansas
[PUBLISHED] [Schermer, Author, with Federman and McDonald,
Bankruptcy Judges]
Bankruptcy Appellate Panel. A debtor may only deduct the actual
amounts necessary to repay 401(k) loans when calculating disposable
income, and once the loans are repaid, the debtor must redirect the funds
used to repay the loans to unsecured creditors; the bankruptcy court erred
in allowing debtor to keep the funds, and its order is reversed.