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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] 29, 2021). [4] 16] . . [1]

Debtor 40
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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. 20-33, 2021 WL 941435 (B.A.P. The debtor and his two brothers-in-law served as co-trustees of both trusts. Conversions of chapter 11 cases are governed by Bankruptcy Code section 1112.

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Regulatory Exception to Automatic Stay Allows Court to Hear Antitrust Case

ABI

9] Section 362 of the Bankruptcy Code provides that a bankruptcy filing generally results in an automatic stay of any litigation against a debtor. [10] 12] If the automatic stay did not, the appeal could proceed. 22] The automatic stay is broad, and it generally enjoins all litigation against a debtor. [23]

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Personal Insolvency rising sharply according to new figures

UK debt collections

from October 2021’s total of 9,682 and decreased by 1.7% The bankruptcies were made up of 553 debtor applications and 150 creditor petitions. Debtor applications were 18% higher and creditor petitions 90% higher than in October 2022. in October 2023 to a total of 9,881 compared to September’s total of 7,280, and decreased by 6.1%

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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

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Not Your Keys, Not Your Coin: Bankruptcy Court Looks to Contract Law to Determine Consumer Interest-Bearing Crypto Deposits Belong to Celsius’ Bankruptcy Estate

Troutman Sanders

Indeed, in November 2021, the total cryptocurrency market capitalization reached an all-time high of approximately $3 trillion. However, on June 12, 2022, Celsius issued a memo informing its customers of its decision to pause withdrawals from the platform due to “extreme market conditions.”

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Debt Collection Now and Post-Covid

Nexa Collect

Additionally, the government-assisted stimulus packages resulted in recovery rates jumping by almost 1.5 In November of 2020, some Harvard economists calculated that the pandemic would cost the US at least $16 trillion, provided it ended by fall of 2021. The next 6 to 12 months are going to be an uphill battle for creditors.