The court granted the U.S. Trustee's motion to dismiss the Chapter 7 case for substantial abuse because the Debtors had the ability to repay between 62-72% of unsecured claims, the filing was not occasioned by an unforeseen tragedy, the Debtors' budget was excessive, and the Debtors' schedules were materially inaccurate (despite a lack of intent to mislead).
File:
Judge:
Date:
Monday, October 30, 2006
Category:
Abusive Filings
Bad Faith
Chapter 7 Issues
Conversion and Dismissal
Current Monthly Income
Disposable Income
Schedules
Substantial Abuse
Chapter:
7