Creditors Take Aim at Bankruptcy
Don't let your deadbeat accounts get the best of you
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This information also is helpful to determine whether the debtor has filed a “bad faith” bankruptcy proceeding. Courts can dismiss (i.e., throw out) the debtor’s bankruptcy filing if it was filed in “bad faith.” In other words, debtor’s bankruptcy petitions are subject to dismissal under the Bankruptcy Code unless they are filed in good faith. The requirement that bankruptcy cases be filed in good faith has long been the policing mechanism of courts to make certain those who invoke bankruptcy do so only to accomplish legitimate aims and objectives and for no other purpose.
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