Chapter 15 of the U.S. Bankruptcy Code allows for cooperation between U.S. and foreign courts in bankruptcy cases that touch upon U.S. interests.
[2] Common exceptions to discharge include child support, income taxes less than three years... , a formal means test for Chapter 7. The Bankruptcy Abuse Prevention and Consumer Protection...
"[1] The BAPCPA was intended to make it more difficult for debtors to file a Chapter 7 Bankruptcy—under which most debts are forgiven (or discharged)—and instead required them to file a...
Chapter 7, known as “straight” or “liquidation” bankruptcy, of Title 11 in the U.S. bankruptcy code controls the process of asset liquidation.
file bankruptcy in general and Chapter 7 in particular. Advocates of BAPCPA claimed that its passage would reduce losses to creditors such as credit card companies, and that those creditors...
You must file all required tax returns for tax periods ending within four years of your bankruptcy filing. ; During your bankruptcy you must continue to file, or get an extension of time to file, all required returns. ; During your bankruptcy case you should pay all current taxes as they come due. ; Failure to file returns and/or pay current taxes during your bankruptcy may result in your case being dismissed.
Chapter 11 is a type of bankruptcy generally filed by businesses and involves a reorganization of their assets and debts under court supervision.
Chapter 7 bankruptcy eliminates most debt through the liquidation of assets. Learn what you need to know before filing for Chapter 7 bankruptcy.
If you’re considering Chapter 7 bankruptcy, you should first find out if you pass the Chapter 7 means test. Read to learn more.
Bankruptcy Code. In addition to Chapter 13, Chapter 7, and Chapter 11, described above, there are three more specialized chapters. Chapter 9 is for municipalities, Chapter 12 is for farms...