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In a Chapter 7 case, the debtor has no absolute right to discharge. A creditor or trustee may file an objection to the discharge of the debt. To object to a discharge, a creditor must file a complaint before the deadline outlined in the notice sent by the bankruptcy court. More than 90% of Chapter 7 debtors receive a discharge of debts. [12]
The petitioner argued in the bankruptcy court that she should be permitted to discharge debts relating to the fraud because she had no knowledge of the fraud by which the debt was incurred; instead, the fraud was allegedly done by her husband without her knowledge. [1] The bankruptcy court adopted the "known or should have known" test arising ...
bad-faith exception to the right to convert Chapter 7 bankruptcy case to a Chapter 13 case Sinochem International Co., Ltd. v. Malaysia International Shipping Corporation: 549 U.S. 422 (2007) District Court may respond immediately to defendant's forum non conveniens motion before resolving jurisdictional or other threshold concerns Massachusetts v.
A federal bankruptcy judge has approved the terms of a $20 million settlement that will benefit former Bitwise ... said there is a cap of $15,000 for unpaid-wage claims in bankruptcy cases.
Attorneys in the Boy Scouts of America bankruptcy case have reached a tentative settlement under which one of the organization's largest insurers would contribute $800 million into a fund for ...
The cancer victims sought a preliminary order in New Jersey on June 11 to preventing J&J from filing for bankruptcy outside the state, which would have effectively foiled the $6.48 billion ...
Chapter 7, known as a "straight bankruptcy", involves the discharge of certain debts without repayment. Chapter 13 involves a plan of repayment of debts over a period of years. Whether a person qualifies for Chapter 7 or Chapter 13 is in part determined by income. [49] [50] As many as 65% of all US consumer bankruptcy filings are Chapter 7 cases.
In re Garlock Sealing Technologies, LLC is a court case heard in the United States District Court for the Western District of North Carolina which involves the entry into bankruptcy proceedings by Garlock Sealing Technologies, once a manufacturer of coated asbestos gaskets, as a result of potential liability from current and future settlements. [1]