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From there, two potential consequences could occur: a case dismissal or conversion to Chapter 7 bankruptcy. Case dismissal After one or more missed Chapter 13 payments, the trustee may file a ...
On December 17, 2009, Rev. Bryan A. Krumm, CNP, filed a rescheduling petition for Cannabis with the DEA arguing that "because marijuana does not have the abuse potential for placement in Schedule I of the CSA, and because marijuana now has accepted medical use in 13 states, and because the DEA's own Administrative Law Judge has already ...
The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) made changes to American bankruptcy laws, affecting both consumer and business bankruptcies. Many of the bill's provisions were explicitly designed by the bill's Congressional sponsors to make it "more difficult for people to file for bankruptcy."
The legal theory of the case is that although in Gonzales v.Raich, the Supreme Court "reasoned that because Congress intended to 'eradicate' cannabis from interstate commerce, the federal government had a rational and thus lawful purpose in encroaching on states' cannabis regulation", this Commerce Clause-centric logic no longer pertains in the 2020s, as the Federal Government "continues to ...
However, making a payment that’s late by a few days due to an unexpected financial emergency might not result in a case dismissal or bankruptcy conversion — though it’s best not to risk it.
Key takeaways. There are two common types of bankruptcy: Chapter 7 and Chapter 13. Filing for bankruptcy is a time-consuming process that can take years to stop affecting your finances.
Timeline of Gallup polls in US on legalizing marijuana. [1]In the United States, cannabis is legal in 39 of 50 states for medical use and 24 states for recreational use. At the federal level, cannabis is classified as a Schedule I drug under the Controlled Substances Act, determined to have a high potential for abuse and no accepted medical use, prohibiting its use for any purpose. [2]
Whether or not a stock can recover after filing for bankruptcy depends on the bankruptcy proceedings. For example, if a company files Chapter 7, it is likely you will lose the entirety of your ...