consumer bankruptcy
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 Bankruptcy Terms 2012.


Glossary of Bankruptcy.

Look at other dictionaries:

  • consumer bankruptcy — 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 …   Law dictionary

  • 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

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