Remove 2020 12
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Debtors do not have the Burden to Prove Section 523(a)(8) applies to their Loans

ABI

Section 523 of Title 11 of the United States Code (the “Bankruptcy Code”) generally provides that a student loan cannot be discharged unless it would impose “undue hardship” on the debtor. [1] 3] In 2013, Rodger Dean Love (“Debtor”) filed for bankruptcy under chapter 13 of the Bankruptcy Code. [4] 16] . . [1] 1] See 11 U.S.C. §

Debtor 40
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Amendments To The Federal Rules Of Bankruptcy Procedure Take Effect December 1, 2020

In the Red

Each year amendments are made to the rules that govern how bankruptcy cases are managed — the Federal Rules of Bankruptcy Procedure. This year there are only six rule amendments expected to take effect on December 1, 2020, and honestly they are all fairly minor clean-up revisions, with most applying to bankruptcy appeals.

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A Cogent Opposing View on SBRA Flexibility

PBWT

I don’t know if Congress foresaw, when it enacted new Subchapter V of Chapter 11 of the Code [1] in the Small Business Reorganization Act of 2019 (“SBRA”), that debtors in pending cases would seek to convert or redesignate their cases as Subchapter V cases when SBRA became effective on February 19, 2020, but it was foreseeable.

Debtor 65
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Personal Insolvency rising sharply according to new figures

UK debt collections

DRO and bankruptcy numbers were higher than last year, with DROs in October 2023 being 71% higher than in October 2022, although the number of bankruptcies remained well below pre-2020 levels. DRO numbers were volatile in early 2023 at the time of introduction of new DRO hubs and are now higher than pre-2020 levels.

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The Final Say: Conversion from Chapter 11 to Chapter 7 is Not a Given

PBWT

It is well-settled that if you are a debtor in chapter 11, you do not have the unfettered right to convert the case to a chapter 7 liquidation. The debtor had married into a family that owned real estate assets in New Mexico, Colorado and Arizona and lived off income from two spendthrift trusts formed by his late wife. ” Id.

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Debt Collection Now and Post-Covid

Nexa Collect

During peak Covid-19 duration (May-Nov 2020) many states prohibited debt collection for several months. The turnaround came the following year, during tax refund season as the debt recovery levels went up substantially ( March/April 2020). The next 6 to 12 months are going to be an uphill battle for creditors.

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Affordable Care Act’s Shared Responsibility Payment is a Tax Entitled to Priority

ABI

2] In July 2019, Robert and Bonnie Szczyporski (the “Debtors”) filed voluntary petitions for relief under Chapter 13 of the Bankruptcy Code. [3] 3] The IRS filed a proof of claim against the Debtors for unpaid taxes and interest, including a $927.00 shared responsibility payment. [4] shared responsibility payment. [4] Inc. , 675 F.2d