Thursday, May 7, 2015

Violating Bankruptcy Laws

Mark is greatly upset and wonders if he should report what appears to him to be a flagrant abuse of the bankruptcy law. The individual debtor in question has been living for years in a house that is worth at least $100,000 and maybe much more. Recently, the debtor went through a bankruptcy, yet he and his family still live the house.

Is such a result possible without violating the bankruptcy laws? Explain.

What chapter of the laws might make it possible?
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10 comments:

  1. JoeyMay 8, 2015 at 2:04 PM

    Yes, they could have paid their debts. Chapter 13

    ReplyDelete
  2. AnonymousMay 8, 2015 at 2:05 PM

    chapter 7 and i believe it is possible because of them being a family

    ReplyDelete
  3. DamionMay 8, 2015 at 2:05 PM

    yes he could keep the house because of the 13th section

    ReplyDelete
  4. bryceMay 8, 2015 at 2:05 PM

    yes, they could of paid their debt. Chapter 13

    ReplyDelete
  5. JacobMay 8, 2015 at 2:06 PM

    The family could have paid their debts using other means instead of losing their house.

    ReplyDelete
  6. MorganMay 8, 2015 at 2:07 PM

    It is possible they ar a family, chapter 13.

    ReplyDelete
  7. AnonymousMay 8, 2015 at 2:08 PM

    Yes they could have to pay their debts and chapter 13.

    ReplyDelete
  8. AnonymousMay 8, 2015 at 2:12 PM

    They could have paid their debts so yes it is plausible, and chapter 13.

    ReplyDelete
  9. AcenaMay 8, 2015 at 2:14 PM

    yes they could because of chapter 13. They still have a regular income therefor it is possible

    ReplyDelete
  10. RochelleMay 8, 2015 at 2:14 PM

    They would of been able to pay their debts and also chapter 13

    ReplyDelete

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