Luxurious Lifestyles Can Undermine the Good Faith Requirement for ?Proposed Chapter 11 Plans of Reorganization
ABI
JANUARY 10, 2020
According to the objecting creditor, the plan would allow the debtor to continue to paying certain extravagant expenses and otherwise continue her enjoyment of an above average lifestyle. [6] 7] It noted that the debt owed to the objecting creditor was business-related, and not due to the debtor’s personal or familial expenses. [8]
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