Troutman Sanders

MARCH 26, 2021

The plaintiff, an individual consumer, filed a chapter 7 bankruptcy petition, including in his schedules a debt for past-due rent for a former apartment. The bankruptcy was a matter of public record and was listed on his credit reports. 20-1524, 2021 U.S. LEXIS 7126 (7th Cir. Midland Funding LLC , 983 F.3d

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Bankruptcy Fair Debt Collection Judgment 52

ABI

JANUARY 13, 2022

In In re Marlena Joy Pizzo , the United States Bankruptcy Court for the District of South Carolina held that a debtor may voluntarily contribute to her retirement plan while paying creditors under a bankruptcy plan. [1] 6] The court referred to 11 U.S.C. at *2 (quoting 11 U.S.C. citing 11 U.S.C. 12].

Debtor 40

Debtor Creditors Unsecured Creditor Chapter 7 bankruptcy 40

ABI

JANUARY 12, 2022

American Bankruptcy Institute Law Review Staff. . . Generally, student loan debt will not be discharged in a case under title 11 of the United States Code (the “Bankruptcy Code”) unless there is a showing of “undue hardship on the debtor and debtor’s dependents.” 23, 2021) ( citing 11 U.S.C. citing 11 U.S.C.

Student loans 45

Student loans Student Loans Loans Debtor 45

Fraser

JUNE 25, 2020

economy officially entered a recession in February, 2020, one month before COVID-19 shut down much of the economy. It should come as no surprise, therefore, that the economic downturn has led to a surge in corporate bankruptcy filings. According to data from Epiq Global, 722 companies sought bankruptcy protection around the U.S.

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Creditors Bankruptcy Unsecured Creditor Debtor 72

ABI

JANUARY 13, 2021

This case arose in connection with two proceedings: a divorce proceeding (the “Matrimonial Action”) in state court and a bankruptcy proceeding in federal court. [4] 5] Five years later, the Debtor commenced a voluntary chapter 7 bankruptcy proceeding. [6] 8, 2020); see In re Brown, No. June 10, 2020). [2]

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Debtor Bankruptcy Judgment Chapter 7 bankruptcy 40

Collection Industry News

DECEMBER 21, 2020

On December 9, 2020, Congressional Democrats, including Elizabeth Warren (D-Mass.) proposed sweeping legislation that would overhaul consumer bankruptcy law. The proposed changes generally make it easier for consumers to access the bankruptcy system and discharge their debts. Chapters 7 and 13 Are Replaced with New Chapter 10.

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Bankruptcy Chapter 7 bankruptcy Student loans Student Loans 40