In this case, the debtors’ Chapter 7 bankruptcy was dismissed due to debtors’ “substantial abuse” of the intent of the Bankruptcy Code. Here, the debtors’ bankruptcy schedules for estimated monthly expenses disclosed that debtors had approximately $950 excess income each month after their monthly expenses were paid. Chapter 7 cases may be dismissed by the […]
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Recently Posted Articles written by: Charels R. Harroun, Attorney at Law
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