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  2. Ransom v. FIA Card Services, N.A. - Wikipedia

    en.wikipedia.org/wiki/Ransom_v._FIA_Card...

    FIA Card Services, N. A., 562 U.S. 61 (2011), is a decision by the Supreme Court of the United States involving the means test in Chapter 13 of the United States Bankruptcy Code. The means test had been adopted by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, and Ransom is one of several cases in which the Supreme Court ...

  3. List of bankrupts - Wikipedia

    en.wikipedia.org/wiki/List_of_bankrupts

    The details vary between jurisdictions. In the US, the liquidation bankruptcy is governed by Chapter 7 of the Title 11 of the United States Code and is generally available to individuals passing a means test. Reorganization bankruptcy is governed by Chapters 11 and 13. [1] Chapter 11 is mostly used by high net-worth individuals. [2]

  4. United States Trustee Program - Wikipedia

    en.wikipedia.org/wiki/United_States_Trustee_Program

    The EOUST is the component of the Department of Justice responsible for overseeing the administration of bankruptcy cases and private trustees. The responsibility of the EOUST as the top level office controlling DOJ attorneys who monitor conduct in U.S. Bankruptcy Courts is analogous to that of The Executive Office for United States Attorneys ...

  5. Common types of bankruptcy and how to avoid filing - AOL

    www.aol.com/finance/common-types-bankruptcy...

    Bankruptcy is a last resort for people with debts they cannot pay off through other means. That is one reason the credit penalty is so severe — if you can avoid bankruptcy, it is usually in your ...

  6. Chapter 11, Title 11, United States Code - Wikipedia

    en.wikipedia.org/wiki/Chapter_11,_Title_11...

    Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. [1]

  7. Elon Musk warns Joe Rogan that ‘America will be toast ... - AOL

    www.aol.com/finance/elon-musk-warns-joe-rogan...

    That’s what bankruptcy means.” The numbers paint a grim picture. In fiscal year 2024, interest on U.S. federal debt totaled $1.1265 trillion, while the federal government collected $4.92 ...

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