Legal News for Credit Union Managers Since 1990

Archive for January, 2021

04
Jan
2021

Substantial Abuse: Bankruptcy Dismissed

In this case, the court dismissed debtor’s Chapter 7 bankruptcy after discovering that only 76% of the debts scheduled were “consumer debts” and that the debtor had sufficient income to support a Chapter 13 repayment plan. The Bankruptcy Code permits dismissal of a case if the debtor has committed “substantial abuse”, however, the Code does […]

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