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Home / Opinion Digests / Former CFO’s Bankruptcy Petition Dismissed for Abuse (access required)

Former CFO’s Bankruptcy Petition Dismissed for Abuse (access required)

The 4th Circuit says a retired chief financial officer for a hospital and his wife, who had monthly income of $8,772, cannot overturn dismissal, for abuse, of their Chapter 7 bankruptcy petition seeking a discharge of $106,707 in unsecured debt. Under the Bankruptcy Abuse Prevention & Consumer Protection Act of 2005, when a debtor’s income exceeds ...

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