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Business
Under the Bankruptcy Code, Janet is obliged to file several documents and schedules. These include a certificate of credit counseling, evidence of employer payment 60 days before the filing, a statement of monthly net income and anticipated income increase or expenses after filing, and a record of interest in terms of federal or state qualified education or tuition accounts. These documents must be filed 60 days prior to filing the Chapter 7 petition.
If this deadline is missed, the likelihood is that the filing will be dismissed or modified to a different type of filing, which could have financial implications for Janet.
To determine whether Janet is involved in substantial abuse of Chapter 7, the court would determine whether the debts are primarily consumer oriented. If the income exceeds the minimum threshold determined by 11 USC 702 (B) of the code, it would be considered as substantial abuse. If the current...
Those with a disposable income of $50,000 would more likely than not be prevented from filing a Chapter 7 claim. In Janet's case, her disposable income is far below this mark, which means that she would probably be allowed to proceed with the Chapter 7 filing.
Were the court however to find an ability to pay the medical debts from her disposable income, the order would likely be to do so on a monthly basis, in an amount that is considered reasonable for Janet's situation.
A prejudgment attachment provides for the recovery of money damages by levying security interest on the property of a party obliged to pay these damages.
A writ of execution involves a court order to satisfy a monetary judgment obtained by a plaintiff. This provides for a court to order…
Ethical Practice Involves Working Positively Diversity Difference Counseling is a profession that involves associations based on principles and values ethically. Patients are able to benefit by understanding themselves better and through creating relationships with others. Through counseling, the clients are able to make positive alteration in life and enhance their living standards. Communities, organizations, couples and families are different groups of individuals are main sources of relationships (BACP Ethical Framework, 2013,
Price Beauty? 'For though beauty is seen and confessed by all, yet, from the many fruitless attempts to account for the cause of its being so, enquiries on this head have almost been given up" William Hogarth, The Analysis of Beauty, (1753) Not very encouraging words, but if the great artist William Hogarth felt himself up to the task, we can attempt at least to follow his lead. That beauty is enigmatic
The article that was written by Conley (2011) discusses the impact that collateralized debt obligations (CDO's) would have upon the subprime loans. These were created in 1987, by the Wall Street firm Drexel Burnham. In this product, the investment bankers would take a number of different articles and combine them together as one investment. The various assets that were used included: junk bonds, mortgages and other high yielding investments from
2.3: Theme I: This study's first theme defines hedge funds and presents a synopsis of their history. 2.4: Theme 2: Ways hedge funds compare to mutual funds are noted in this section, this study's second theme. 2.5: Theme 3: segment denotes techniques hedge funds utilise in investing. 2.6: Theme 4: A number of ways rising and falling markets impact hedge funds, this section's theme links to the thesis statement for this thesis/Capstone. 2.7: Analysis: