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Standard of Living Consumer Bankruptcy

Balch & Bingham LLP

A Debtor May Forfeit Right to a Chapter 7 Discharge By Refusing to Lower Standard Of Living

Balch & Bingham LLP on

The Seventh Circuit Court of Appeals recently determined that a chapter 7 bankruptcy case can be dismissed if the debtor “avoids repayment of debt without an adequate reason.” In re Schwartz, No. 15-1416 (7th Cir. August 24,...more

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