Legal News for Credit Union Managers Since 1990

Archive for April, 2018

02
Apr
2018

Substantial Abuse – Bankrutpcy Dismissed

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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