1. Does the Court’s decision encourage responsible actions by the debtor? Does this encourage debtors to take on new debt instead of driving an old car as Ransom suggested?
2. How did the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 affect this case?
Ransom filed for Chapter bankruptcy relief with $82,500 worth of unsecured credit card debt. Despite the fact that he owned his car outright (no debt), Ransom listed his reasonably necessary living expenses and claimed a standard amount provided for in the bankruptcy code for a car: $471 per month and $210.55 for maintenance costs.