What are some reasons why a Chapter 7 bankruptcy may be denied by the Bankruptcy Court?

NJ Bankruptcy Law FAQ

Q) What are some reasons why a Chapter 7 bankruptcy may be denied by the Bankruptcy Court?

A) An individual’s Chapter 7 bankruptcy may be denied if one of the following circumstances apply:

  • The debtor has failed to cooperate with the bankruptcy trustee
  • The debtor attempted to transfer assets one year prior to filing for bankruptcy with the intention of defrauding the creditor(s)
  • The debtor’s income exceeds the median required by the “means test”
  • The debtor has failed to properly complete the bankruptcy petition and related schedules

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