Can a creditor double their money after a default
by joint debtors?
Not exact matches
In September 1986, the US Congress
Joint Economic Committee stated that «
by sacrificing their sales and jobs so that
debtor nations can fully meet all interest pavements, US exporters and workers have been subsidising the bad lending policies of US and other money centre banks.
For purposes of the means test, the U.S. Bankruptcy Code defines current monthly income as including: «any amount paid
by any entity other than the
debtor (or in a
joint case the
debtor and the
debtor's spouse), on a regular basis for the household expenses of the
debtor or the
debtor's dependents (and in a
joint case the
debtor's spouse if not otherwise a dependent)...» Benefits received under the Social Security Act, payments to victims of war crimes or crimes against humanity on account of their status as victims of such crimes, and payments to victims of international terrorism or domestic terrorism on account of their status as victims of such terrorism are excluded from the means test.
Current monthly income is defined in 11 U.S.C. § 101 (10A) as the monthly average of the income received
by the
debtor (and the
debtor's spouse in a
joint case) during a defined six - month time period prior to the filing of the bankruptcy case.
If the only asset owned
by the judgement
debtor is the
joint tenancy property, then registration of the judgment against the interest of the
debtor will not... Read more