RMI-4420 Lecture 13: Law Lecture Notes 13

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Judges are appointed for terms of 14 years: they can conduct a jury trial if the appropriate district court has authorized it and the parties to the bankruptcy consent, chapter 7 bankruptcy, provides for liquidation proceedings, bankruptcy trustee. Automatic stay provision: the filing of a bankruptcy petition automatically stays all actions by creditors against the debtor, exceptions to automatic stay, 1. Include any debt owed to or recoverable by a spouse, a former spouse, a child of the debtor, that child"s parent or guardian, or a governmental unit: 2. Proceedings against the debtor related to divorce, child custody or visitation, domestic violence, and support enforcement: 3. Ground for dismissal of chapter 7 petition: bankruptcy means test , a debtor must pass a means test to ensure that the use of chapter 7 bankruptcy proceedings will not result in abuse, crimes and drug offenses.