Whose Money Is It? Supreme Court Rules for Debtor in Dispute Over Postpetition Wages

Submitted by Anonymous (not verified) on Wed, 05/27/2015 - 19:00
Description: 

When an individual contemplates filing for bankruptcy protection, he or she has a few options. One is to file a Chapter 7 case, and another is to file a Chapter 13 case. In a Chapter 7, all of a debtor’s non-exempt assets are transferred to a bankruptcy estate to be liquidated and distributed to creditors. In a Chapter 13, the debtor retains assets and makes payments to creditors according to a court-approved plan. Read More ›
Tags: Chapter 13, Chapter 7, U.S. Supreme Court