Legal News for Credit Union Managers Since 1990

Archive for October, 2019

01
Oct
2019

Chapter 13 Dismissed – Substantial Abuse

In this case, debtor filed a Chapter 7 bankruptcy seeking to discharge his unsecured obligations. The debtor listed over $55,000 of unsecured debts on his bankruptcy schedules, including a $9,500 loan from a credit union. The bankruptcy Trustee reviewed debtor’s monthly budget and found that debtor could afford to repay some of his obligations (such […]

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