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Assets of less than $50,000 [227] against debt of $10,000,000-$50,000,000. [227] In 2010, the case was converted to Chapter 7. [228] In 2012, Dykstra was sentenced to six and a half month in federal prison for bankruptcy fraud, concealment of assets, and money laundering. [160] [229] Kerry Katona: English singer IA 1986 (bankruptcy) [230] 2008 ...
USC via Cornell: when citing one of a series of USC sections, where it would be redundant to display the full citation for each section, this template can be used to display only the section number. {{ United States Code subsection }} , {{ USCSub }}
Pros of bankruptcy. Asset protection: Chapter 13 bankruptcy allows you to keep essential assets like a home or car while you work to catch up on missed payments through a repayment plan.
Most bankruptcy attorneys predicted that this will result in increased attorneys fees and will make attorneys less likely to take on some cases. In addition, bankruptcy filings are now subject to audit in a manner similar to tax returns. Increased compliance requirements for small businesses. The new law increases the bureaucratic compliance ...
Assets include tangible items like personal property and intangible items like income. Liabilities are what you need to pay back to others, including loans from lenders, bills from creditors, or ...