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Section 109 of the bankruptcy code delineates who may or may not be a debtor. In detail, this section provides that a person may be a Chapter 7 debtor unless they are a railroad or a certain financial institution. Nowhere in the section is there a requirement that a debtor ...
Read MoreWith the advent of the income median level and the means test, debtors who previously might have been able to file a Chapter 7 bankruptcy have been ...
View MoreThe basis of every Chapter 7 case is a liquidation. The analysis involved looks at the assets listed by the debtor on the bankruptcy petition, along ...
View MoreIn Chapter 7 bankruptcies, the amount of the debt owed by the debtor isn't as vital a consideration in the case because the obligation is going to be ...
View MoreOn a fundamental level, the 341 Meeting of Creditors is the same regardless of chapter. The meeting presents an opportunity for creditors to be ...
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