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ABI Journal

Consumer Bankruptcy

Statement of Profitability Must Be in Writing to Underpin a Nondischargeability Claim

A statement about the profitability of a corporation the debtor owns is a statement about the debtor’s own financial condition, the Fifth Circuit says.

A Nonprimary Residence May Nonetheless Qualify for a Federal Exemption

A debtor may have a valid ‘homestead’ exemption without residing in the property, so long as a dependent does reside there, the Second Circuit rules.