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...-a Texas state probatecourt and the Bankruptcy Court for the Central Districtof California-have r... the matter both "meets Congress' definition of a coreproceeding and arises under or arises... the purposes of confirming a plan under chapter 11, 12, or 13 of title11 but not the liquidation o...
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... November 29, 2011-Decided May 14, 2012 Chapter 12 of the Bankruptcy Code allows farmer debtors wi...S. C. §§1398, 1399, it does not "incur" postpetitionfederal income ta... also common ground that the relevant definitional section, namely §503(b), defines allowed "adminis...
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There's a saying among economists-"The definition of recession is when your neighbor loses his or her job. The definition of depression is when you or your spouse loses his or her job." The true economic definition of a recession is a significant decline in general economic activity extending over a period of time. The true economic definition of depression is essentially a longer than expected recession.
New bankruptcy law. As bankruptcies continued to soar from one year to the next, a new law came into effect that made it harder for people who are overextended to file Chapter 7 bankruptcy protection. A Chapter 7 bankruptcy essentially wipes the slate clean and gives people a fresh start. Instead, more and more people who find themselves in a financial bind will be forced to file Chapt...
... financial bind will be forced to file Chapter 13 bankruptcy protection which is a repayment plan. C...
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... a question arising from amendments to Chapter 13 of the United States Bankruptcy Code by the Ban...The definition of “applicable commitment period” is found in ...
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...The Bankruptcy Abuse Prevention and Consumer Protection Act of 20...By definition, “bankruptcy assistance” includes several serv...)(D) (2006 ed.), a debtor’s petition for Chapter 7 relief is presumed abusive (and may therefore be... to a structured repayment plan under Chapter 13) if the debtor’s current monthly income exceeds ...
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...(13) At last count, the non-real-estate rental and lea... Commercial Code (UCC) controls the definition of true leases for personal property. (30) But the... recovery rate for unsecured claims in Chapter H bankruptcies is only fifty-two cents on the doll...
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... of asbestos-containing products, the Bankruptcy Court approved a settlement providing that Manvill...United States, 463 U. S. 110, 130. So long as respondents or those in privity with t...The definition of Policy Claims contains nothing limiting it to d... of nondebtor parties not entitled to Chapter 11 protection. In rejecting MacArthur’s argument...
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...CHAPTER I: COMMODITY FUTURES TRADING COMMISSION. PART 190:: BANKRUPTCY. 190.02 - Operation of the debtor's estate subseq... property in accordance with the definition in this part and must specify the terms upon which...(13) Copies of any documents which support the informa...
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..., people with distressed mortgages file bankruptcy petitions in a federal courthouse. These filings w...(13) Various laws set the price of redemption differen... high-risk mortgages could be modified in Chapter 13. (18) . (4) "Avoidance" of mortgages or securit... doctrine: "First, it must meet the definition of a 'holder' of a negotiable note. In addition, t...
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About 500 municipalities have declared bankruptcy since Congress passed the Municipal Bankruptcy Act in 1937. Based on the experiences of these municipalities and the municipal bankruptcy literature, this paper develops a theory of why municipalities go bankrupt and discusses various ways to prevent other municipalities from going bankrupt. The paper identifies three-dimensional factors that may make municipalities go bankrupt: long-term and short-term, political and economic, and internal and external perspectives. The paper ends with an observation that government failure in the form of municipal bankruptcy can be reduced by strengthening the audit powers of the states and by utilizing more municipal band and liability insurance policies.
...Bridgeport, Connecticut filed for Chapter 9 in 1992 after incurring budget deficits for seve...), 11 (debt reorganization-corporations), and 13 (debt reorganization-individuals) bankruptcies. Fi... previous chapter, the Census Bureau's definition of "municipality" includes cities, towns, and vill...