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The study found that "about half" of bankruptcy filers in the year 2001 cited out-of-pocket medical bills in excess of $10,000 as a major contributor to bankruptcy (the average bankruptcy filer in this study was a 41-year-old woman with a median income of $25,000, slightly below the personal income average for that year).
Constrained equal losses (CEL) is a division rule for solving bankruptcy problems. According to this rule, each claimant should lose an equal amount from his or her claim, except that no claimant should receive a negative amount. In the context of taxation, it is known as poll tax. [1]
Rule 81(a)(1) F.R.Civ.P. provides that the civil rules do not apply to proceedings in bankruptcy, except as they may be made applicable by rules promulgated by the Supreme Court, e.g., Part VII of these rules. This amended Bankruptcy Rule 1001 makes the Bankruptcy Rules applicable to cases and proceedings under title 11, whether before the ...
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The anti-deprivation rule (also known as fraud upon the bankruptcy law) is a principle applied by the courts in common law jurisdictions (other than the United States) [a] in which, according to Mellish LJ in Re Jeavons, ex parte Mackay, [1] "a person cannot make it a part of his contract that, in the event of bankruptcy, he is then to get some additional advantage which prevents the property ...
The California agency that regulates oil and gas operations concludes that a law on well-plugging does not apply to a merger of two giant fossil fuel companies, angering the law's author.
A new law requires new oil wells to be at least a kilometer away from homes, schools and hospitals. The oil industry will spend millions to overturn it.
The rules governing procedure in bankruptcy courts are the Federal Rules of Bankruptcy Procedure. [32] Many sections of the Federal Rules of Bankruptcy Procedure adopt general Federal Rules of Civil Procedure. [33] Bankruptcy Courts in Florida also have local rules of procedure. As bankruptcy courts are federal courts, the Federal Rules of ...
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