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Why is there a “presumption of abuse” in Chapter 7 bankruptcy?

On behalf of Planer & Sherlock P.A. | May 13, 2020 | Firm News

One of the most intimidating terms in personal or business finance is bankruptcy. The word alone carries a stigma Chapter 7 bankruptcy includes a presumption of abuse. There is often a misunderstanding of what that means. It means the filer is not able to meet...

Why is there a “presumption of abuse” in Chapter 7 bankruptcy?

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