Question: please help me answer this question by Using IRAC method. first by identifying Issue, Rule, Application and Conclussion. will give a like if it is

please help me answer this question by Using IRAC method. first by identifying Issue, Rule, Application and Conclussion.
will give a like if it is done by IRAC method.
Thanks in advance!

please help me answer this question by Using IRAC
student loan he dis 8. Doug Boyce works as a claims adjuster for GEICO. He makes $57,000 a year as a base salary plus several thousand more as part of a discretionary annual profit sharing agreement. In 2008 he earned $67,961 from GEICO. GEICO also provides Boyce with a vehicle for his work and personal use. In 2007, Boyce took out a $16,000 loan from his 401(k) to purchase a house. He lives in the home and rents out some of the rooms for an additional rental income of approximately $5,800 a year. In October of 2007, Boyce finalized his divorce and assumed responsibility for $34,000 in student loans and $16,000 in credit card debt. By October of 2008 Boyce had added an additional $17,000 to his credit card debt. In March of 2008, Boyce purchased a Ford F350 with a $2,000 down payment and a monthly payment of $186. Boyce filed for bankruptcy protection under Chapter 7 on October 28, 2008. After filing for bankruptcy Boyce surren- dered his Ford F350 and borrowed $14.750 from his 401(k) to purchase a Dodge Ram truck. He later sold the truck and purchased a Chevrolet truck and bor- N rowed another $6,000 from his 401(k) to purchase a recreational camper. At the time of filing Boyce did not disclose the money he earned from the profit shar- ing agreement or his rental income and his reported monthly income was short by $109. In addition, Boyce did not include the $34.000 student loan debt on his schedules. The United States Trustee commenced a contested proceeding against Boyce seeking dismissal of the Chapter 7. Should the court dismiss Boyce's Chapter 7 bankruptcy filing or alternatively force him into Chapter 132

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