Closing the Chapter 7 loophole for high income debtors - Lexology (r...
02/27/14
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New York Law Journal (registration)
Closing the Chapter 7 loophole for high income debtors
Lexology (registration)
Though rarely used, banks faced with a high-income debtor's Chapter 7 case can move to convert the case to Chapter 11 under 11 U.S.C. ยง706(b) to force the debtor to repay some of her debt prior to receiving a discharge. What the loophole is, how it can ...
City of Detroit; Dewey and Dreier Firm ProceedingsNew York Law Journal (registration)
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Lexology (registration)
Though rarely used, banks faced with a high-income debtor's Chapter 7 case can move to convert the case to Chapter 11 under 11 U.S.C. ยง706(b) to force the debtor to repay some of her debt prior to receiving a discharge. What the loophole is, how it can ...
City of Detroit; Dewey and Dreier Firm ProceedingsNew York Law Journal (registration)
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