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In this blog, we take a close look at ways Chapter7bankruptcy affects future or current employment. If you have additional questions, we encourage you to read our online articles about filing bankruptcy. What Is Chapter7Bankruptcy? Chapter7 is often referred to as liquidation bankruptcy.
An executory contract, while not defined under the Bankruptcy Code, generally is one in which both parties have performance obligations remaining under the contract. Unlike in chapter7bankruptcy, there is no specific deadline for chapter 11 debtor to assume or reject an executory contract. Walton, Jr.’s
7] To achieve this type of financial fraud, the Pressmans consistently shift[ed] money from lenders to pay other lenders[,] in what is commonly known as a Ponzi scheme. [8] 21] Additionally, the court-appointed trustee must prove actual fraud or constructive fraud. [22] LLC (EPD). [2] 8] Eventually, the Ponzi scheme collapsed. [9]
3] While their new home was under construction, their oft-troubled relationship began to deteriorate, and McKee ended the relationship in 2016 after just one year of living in the Palm Springs home. [4] 7] After she moved out, McKee rented a condominium and changed her address on her drivers license and voter registration. [8]
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