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Thus, the means test is a formula designed to keep filers with higher incomes from filing for Chapter 7 bankruptcy. These filers may use Chapter 13 bankruptcy to repay a portion of their debts, but may not use Chapter 7 to wipe out their debts altogether. [8] The bankruptcy means test is complex and the terms that govern many parts of it ...
Chapter 7 of Title 11 U.S. Code is the bankruptcy code that governs the process of liquidation under the bankruptcy laws of the U.S. In contrast to bankruptcy under Chapter 11 and Chapter 13, which govern the process of reorganization of a debtor, Chapter 7 bankruptcy is the most common form of bankruptcy in the U.S. [1]
In citations, the number before the "CMR" refers to the issuing agency, and the numbers thereafter refer to a specific chapter or section. [1] N.B. the official CMR is available, online, on a subscription basis. An unofficial version of the CMR is available online for free from the Massachusetts Trial Court Law Libraries.
The test itself will contain a set amount of questions, and will have different resources provided within the test, depending on the subject. In an English standardized test, there will usually be multiple passages, and a few open response questions. There is also an answer eliminator for multiple-choice questions.
If for any reason all panel and/or standing trustees are disqualified or unable to perform, the U.S. Trustee may serve as trustee for a particular case under Chapter 7, 12 or 13. This very rarely happens. The U.S. Trustee's office conducts the first meeting of creditors in a Chapter 11 case. Most Chapter 11's do not require the appointment of a ...
[1] [2] The Code of Massachusetts Regulations (CMR) is the canonical compilation of regulations promulgated by state agencies pursuant to the Administrative Procedures Act and is updated through the Massachusetts Register. [1] Both the Code of Massachusetts Regulations and Massachusetts Register are published by the secretary of the ...
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