英[ˌtʃæptə(r) ˈsev(ə)n] n.美国破产法第七章 权威英汉双解 英英 CHAPTER-7 n. 1. 美国破产法第七章,破产清算(允许法院清算变卖财产以偿还债务)in the US, a section of the law dealing with bankruptcy(= being unable to pay debts) , that allows a court to take property be...
Chapter 7 case is filed, all of the debtor’s property is temporarily under supervision of the bankruptcy court and a case trustee. Property that is considered “exempt” isretained by the debtor; conversely, property that is “nonexempt” is subject to sale by the bankruptcy trustee with ...
The idea behind bankruptcies—especially Chapter 7 bankruptcies, which are the most common form of consumer bankruptcies—hasn't changed a bit. It's a way for Americans down on their financial luck to sell off assets and have specific debts discharged by a bankruptcy court. Even as bankruptcies...
Chapter 7 bankruptcy, often referred to as "liquidation bankruptcy," is a legal process designed to help individuals and businesses eliminate most of their debts. It involves liquidating a debtor's non-exempt assets by a court-appointed trustee, who sells these assets and distributes the proceeds...
a case underChapter7or11 of the United StatesBankruptcyCode,35 the district court affirmed the order of the bankruptcy court. daccess-ods.un.org daccess-ods.un.org 由于外国代表尚未根据美国破产法第 7章或第 11章启动案件,35 地区法院确 认了破产法院的命令。
Both individuals and businesses can file Chapter 7.A Chapter 7 bankruptcy case begins when the debtor files a petition with the bankruptcy court serving the area where he or she lives. In the case of business bankruptcy, it would be filed where the business debtor is organized or has its ...
The article reports on the number of bankruptcy cases filed in Puerto Rico during 2006. According to statistics from the U.S. Bankruptcy Court, there were 550 cases filed in August, declined by 55 percent for the same month a year ago. For bankruptcy cases falling in the category of ...
chapter 7n (Law) US the statute regarding liquidation proceedings that empowers a court to appoint a trustee to operate a failing business to prevent further loss[C20: from chapter 7 of the Bankruptcy Reform Act (1978)] Collins English Dictionary – Complete and Unabridged, 12th Edition 2014...
You will still owe back alimony and child support, a monetary penalty imposed by a court, and most likely student loans. Do You Qualify for Chapter 7 Bankruptcy? Each state has what is called a “means test” to determine if you qualify for Chapter 7 bankruptcy. This means your income mu...
Bankruptcy Code or the Kentucky exemptions primarily found in KRS Chapter 427. You must be consistent and choose one method of exemptions; you can’t pick and choose. So, in other words, you can’t use the Kentucky exemptions for homestead but the federal exemptions for personal property. ...