- consumer bankruptcy
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A proceeding under the Bankruptcy Code filed by an individual (or husband and wife) who is not in business.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
consumer bankruptcy
Look at other dictionaries:
consumer bankruptcy — A bankruptcy case filed to reduce or eliminate debts that are primarily consumer debts (SA Bankruptcy.com) A bankruptcy case filed to reduce or eliminate debts that are primarily consumer debts. (BankruptcyAction.com) United Glossary of… … Glossary of Bankruptcy
Consumer bankruptcy in Canada — See also: Insolvency law of Canada Consumer bankruptcy in Canada is governed by the Bankruptcy and Insolvency Act ( BIA ). [1] The legislation is complemented by regulations, as well as directives from the Office of the Superintendent of… … Wikipedia
Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 — Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005 This legislation primarily affects consumer filings, making it more difficult for a person or estate to file for Chapter 7 bankruptcy. The BAPCPA impacts business filers as… … Glossary of Bankruptcy
Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005 — This legislation primarily affects consumer filings, making it more difficult for a person or estate to file for Chapter 7 bankruptcy. The BAPCPA impacts business filers as well with the heaviest impact on smaller (those listing less than $2… … Glossary of Bankruptcy
consumer debt — Debts incurred by an individual for primarily personal, family or household purposes. Taxes are not consumer debts; neither are business loans. The means test only applies to those with consumer debt. (Bankruptcy in Brief) Used to describe debts… … Glossary of Bankruptcy
consumer privacy ombudsman — A person appointed by the court to protect the privacy of a consumer debtor in the event the trustee sells or leases the debtor s property, if it contains personal information on consumers. (Bernstein s Dictionary of Bankruptcy Terminology)… … Glossary of Bankruptcy
consumer proposal — A simplified form of Proposal available to debtors owing less than an amount prescribed under the Bankruptcy and insolvency Act. In 2002 the amount was $75,000.00, excluding a mortgage on the principal residence. (Dictionary of Canadian… … Glossary of Bankruptcy
consumer debtor — A natural person who is bankrupt or insolvent and whose aggregate debts, excluding any debts secured by the person s principle residence, do not exceed $75,000 or such other maximum as is prescribed. (Dictionary of Canadian Bankruptcy Terms)… … Glossary of Bankruptcy
consumer goods — Goods that are used or acquired for use primarily for personal, family or household purposes. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 … Glossary of Bankruptcy
consumer debts — Debts incurred for personal, as opposed to business, needs. (BankruptcyAction.com) United Glossary of Bankruptcy Terms 2012 … Glossary of Bankruptcy
