In Ransom V

question 61

Multiple Choice

In Ransom v.FIA Card Services,Ransom filed for Chapter 13 bankruptcy protection and listed among his living expenses the standard amount allowed in the Bankruptcy Code for car ownership costs.Ransom owned his car outright and had no car payment.FIA challenged the car deduction.The court held that Ransom could

• A) take the deduction because he met the means test.
• B) take the deduction because the statutory language was ambiguous.
• C) not take the deduction because it was limited to debtors who were required to make loan or lease payments on a car.
• D) take the deduction because denying it would send a message to debtors to take out car loans rather than pay them off.

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Definitions:

Vertebral Arteries

Arteries that arise from the subclavian arteries and supply blood to the brainstem and posterior parts of the brain.

Left Subclavian Artery

Specifically the subclavian artery that supplies blood to the left arm and side of the brain and thorax, originating from the aortic arch.

Left Forearm

The lower part of the left arm extending from the elbow to the wrist.

Anastomosis

The surgical connection between two structures, typically blood vessels or other tubular organs.