Quantcast
Home / Opinion Digests / No Chapter 7 for High-Income Family (access required)

No Chapter 7 for High-Income Family (access required)

A Lynchburg U.S. District Court grants the U.S. Trustee’s motion to dismiss this chapter 7 case as presumptively abusive under 11 U.S.C. § 707(b)(2)(B), based on debtors’ ability to pay along with the totality of the circumstances; according to their petition, debtors’ income is 198 percent of the applicable median and thus exceeds the median ...

Leave a Reply