1. Does the Courts decision encourage responsible actions by the debtor? Does this encourage debtors to take...
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2. How did the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 affect this case?
Ransom filed for Chapter bankruptcy relief with $82,500 worth of unsecured credit card debt. Despite the fact that he owned his car outright (no debt), Ransom listed his reasonably necessary living expenses and claimed a standard amount provided for in the bankruptcy code for a car: $471 per month and $210.55 for maintenance costs.
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The Legal Environment of Business A Managerial Approach Theory to Practice
ISBN: 978-0078023804
2nd edition
Authors: Sean Melvin, Michael Katz
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