The Means Test: The Clunker Allowance

As if the means test wasn’t illogical and opaque enough, consider  the unwritten provision for old cars. Where do you find the unwritten allowance?  It’s not in the Bankruptcy Code but in the Internal Revenue Manual at 5.8.20.3. The IRS  allows a delinquent taxpayer with a paid for car more than 6 years old or […]