(Song by Joni Mitchell – first recorded by Judy Collins in 1968) By Merideth Akers, CPA, PHR, Comptroller for Bradford W. Caraway (Birmingham, AL) In the simplest terms, bankruptcy has two sides. The debtor is on one side, and the creditor is on the opposite side. Although there are opposite sides in bankruptcy, the system is designed to be non-adversarial....
From the Editor – Eligibility
Print This Article
Link to Post:
By The Honorable William Houston Brown (Retired)
Joint debtors not eligible when aggregate unsecured debt exceeded limit. Although each debtor separately would be eligible when their unsecured debts fell below § 109(e)’s statutory limit, they were not eligible as joint debtors because their unsecured debts combined exceeded the limit. The court construed the statutory language to require that their “aggregate” unsecured debt must be below the limit. In re Pete, 541 B.R. 917 (Bankr. N.D. Ga. 2015).
________________________________
The Honorable William Houston Brown retired in 2006 as a United States Bankruptcy . . .
It looks like you are not signed in or registered! This content is only available to members.
Or sign in below:
Related Articles
Reflections on the Administration of Chapter 13 Bankruptcy: Progress and Concerns
SCOTUS Rules Insurer Is Party in Interest, Reversing Fourth Circuit
Post-Petition Causes of Action, Inheritances and Windfalls Are Property of the Estate and Must Be Reported to the Trustee – Part 1 of 5
Revested Property Doesn’t Need a Hall Pass
Millions of ITINs Set to Expire in 2019; IRS Says Renew Early to Prevent Refund Delays
Check Out the Dissent
Meet a Newish Trustee
Notice of Error Regarding Misinformation Given During Phone Call to Mortgage Servicer
I’ve Looked at Clouds from Both Sides Now
Department of Justice Guidance on Discharging Federal Student Loans in Bankruptcy Expanded to Include FFEL and Perkins Loans