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More rarely, personal bankruptcy proceedings are carried out under Chapter 11. The ultimate goal of personal bankruptcy, from the viewpoint of the debtor, is receiving a discharge. [2] In 2008, more than 96% of all bankruptcy filings were non-commercial and about two-thirds of these were chapter 7 cases. [3]
As a Chapter 11 bankruptcy is considerably more complex and expensive than a Chapter 13 case, few debtors will choose Chapter 11 if a Chapter 13 bankruptcy is an option. Debtors may also be forced into bankruptcy by creditors in the case of an involuntary bankruptcy, but only under Chapters 7 or 11. However, in most instances, the debtor may ...
Relief under Chapter 13 is available only to individuals with regular income whose debts do not exceed prescribed limits. [62] If the debtor is an individual or a sole proprietor, the debtor is allowed to file for a Chapter 13 bankruptcy to repay all or part of the debts. Secured creditors may be entitled to greater payment than unsecured ...
Facebook wants to get younger kids using Instagram via a restricted, special-purpose version of the social app that would be managed by parents. The company is forming a new team to build a ...
Facebook is tabling “Instagram Kids” for now — but at the same time, Adam Mosseri, head of Instagram, says that launching an app for kids under 13 is still “the right thing to do.” News ...
Facebook’s plans to build a version of Instagram aimed at preteen kids is in the political crosshairs of more than 40 state attorneys general — who are asking Mark Zuckerberg to mothball the ...
Originally, bankruptcy in the United States, as nearly all matters directly concerning individual citizens, was a subject of state law. However, there were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...
Despite what it says, Facebook's controversial Instagram or kids is meant to keep young users locked into the company's ecosystem for years to come.