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  • 18 U.S.C. Sec. 152(7) DEFINITION OF "IN CONTEMPLATION OF BANKRUPTCY...

18 U.S.C. Sec. 152(7) DEFINITION OF "IN CONTEMPLATION OF BANKRUPTCY PROCEEDING"

Category:
Federal - Jury Instructions - 7th Circuit
State:
Multi-State
Control #:
US-JURY-7THCIR-18-152-7
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Official Pattern Jury Instructions adopted by Federal 7th Circuit Court. All converted to Word format. Please see the official site for addional information. www.ca7.uscourts.gov/pattern-jury-instructions/pattern-jury.htm 18 U.S.C. Sec. 152(7) Definition of “In Contemplation of Bankruptcy Proceeding” is a legal definition of the term “in contemplation of bankruptcy.” It is used to describe the state of a person or entity when they are considering filing for bankruptcy. The definition states that “in contemplation of a case under title 11” means the conduct of a debtor whose “acts or omissions” indicate that either: (1) a bankruptcy petition has been filed; or (2) that the debtor intends to or is considering filing a bankruptcy petition. This definition applies to individuals, partnerships, corporations, and other entities. There are two types of “in contemplation of bankruptcyprepetitiontion and post-petition. Pre-petition “in contemplation of bankruptcy” is when a debtor is considering filing for bankruptcy but has not yet done so. Post-petition “in contemplation of bankruptcy” is when a debtor has already filed for bankruptcy and is considering additional steps to resolve their financial issues.

18 U.S.C. Sec. 152(7) Definition of “In Contemplation of Bankruptcy Proceeding” is a legal definition of the term “in contemplation of bankruptcy.” It is used to describe the state of a person or entity when they are considering filing for bankruptcy. The definition states that “in contemplation of a case under title 11” means the conduct of a debtor whose “acts or omissions” indicate that either: (1) a bankruptcy petition has been filed; or (2) that the debtor intends to or is considering filing a bankruptcy petition. This definition applies to individuals, partnerships, corporations, and other entities. There are two types of “in contemplation of bankruptcyprepetitiontion and post-petition. Pre-petition “in contemplation of bankruptcy” is when a debtor is considering filing for bankruptcy but has not yet done so. Post-petition “in contemplation of bankruptcy” is when a debtor has already filed for bankruptcy and is considering additional steps to resolve their financial issues.

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18 U.S.C. Sec. 152(7) DEFINITION OF "IN CONTEMPLATION OF BANKRUPTCY PROCEEDING"
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