Buy custom Bankruptcy and Debtor-Creditor Relations
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| Topic: |
Business
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| Number of pages / Number of words: |
17 / 4607 |
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Second, an individual or family farmer may not be a debtor under the USC if they have been a debtor in a case pending at any time in the preceding 180 days if the case was dismissed for willfully neglecting to follow the orders of the court or failing to appear before the court; or if the “debtor requested and obtained the voluntary dismissal of the case following the filing of a request for relief from the automatic stay†(Frey, McConnico, Frey 1997: 33)...
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Finally, a person cannot become a debtor if they have been a debtor and received a discharge, which is essentially the wiping away of a person’s debts, within the past six years.
Creditors, along with making sure that the debtor’s assets are distributed evenly, want to “assure that the debtor does not receive a discharge unless one is justified and that the debts are nondischargeable according to law are not discharged through the bankruptcy proceeding (Frey, McConnico, Frey 1997: 7)...
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