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What Is Nonexempt Property In Bankruptcy, And Why Does It Matter?

Debt Free Colorado

One factor is the high cost of healthcare, which makes it more difficult for many Americans to pay their bills. The filer maintains all non-exempt property as long as unsecured creditors get the value of the non-exempt asset under the Chapter 13 repayment plan. But why do so many people find themselves in financial trouble?

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What Should You Know About Medical Debts & Bankruptcy?

Sawin & Shea

Rising healthcare costs are continually leaving thousands of Americans drowning in medical debt. Many Chapter 13 Debtors pay pennies on the dollar back to their unsecured creditors. In fact, medical debt is one of the most common types of debt reported on consumer credit reports.

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Debtor May Establish Reasonably Equivalent Value Through Estimates of Intangible Benefits

ABI

v] Prior to the bankruptcy filing, Dr. Figuereo was enrolled in University of Miami’s Executive HealthCare Masters of Business Administration Program (“HEMBA”) program to learn how to increase the Debtor’s receivable collections rate. [vi] of Unsecured Creditors ( In re R.M.L., xii] See Intershoe, Inc. The Official Comm.

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