Advisor
Dean Donald Andrews, Ph.D
Second Advisor
2022
Third Advisor
Dr. Albert Clark
Department
Business
Document Type
Editorial
Abstract
In this research paper, I quantify the extent to which risk amid bankruptcy and fraud targeting has quintupled while enacting bankruptcy code limited scope of activity of business and non-business, influence of Department of Justice United States Trustee Program, and Bankruptcy Court systemic and peak survival. Executing bankruptcy codes, acts, initiatives, and risk interventions soften the blow of disproportionately effected cases. The recent decline of bankruptcy cases from 2020 to 2022 results in a robust recovery efforts. All-inclusively, the resolve demonstrates the critical vantage point of judgeships, trustees, attorney, and bankruptcy court systems consensus dependence on the Bankruptcy Reform Act of 1978 and shows how temporary negative risk of bankruptcy and fraud targeting has persisted while enacting bankruptcy code(s).
Presentation Date
Spring 5-13-2022
Recommended Citation
CITATIONS · Shugg, Roger W. Origins of Class Struggle in Louisiana; a Social History of White Farmers and Laborers during Slavery and after, 1840-1875. Louisiana State University Press, 1939. EBSCOhost, https://search-ebscohost-com.subr.idm.oclc.org/login.aspx?direct=true&db=cat00531a&AN=lasb.19100&site=eds-live. · Gee, Wilson. Journal of Farm Economics, vol. 22, no. 3, 1940, pp. 653–55. JSTOR, https://doi.org/10.2307/1232096. Accessed 14 Jun. 2022. · Lewis, Kevin M. “Bankruptcy Basics: A Primer.” Congressional Research Service (CRS) Reports and Issue Briefs, Congressional Research Service (CRS) Reports and Issue Briefs, 1 Mar. 2018. EBSCOhost, https://search-ebscohost-com.subr.idm.oclc.org/login.aspx?direct=true&db=congale2&AN=edsgcl.661576344&site=eds-live. · Rhodes, Steven. “The Fiduciary and Institutional Obligations of a Chapter 7 Bankruptcy Trustee.” American Bankruptcy Law Journal, vol. 80, no. 2, Spring 2006, pp. 147–218. EBSCOhost, https://search-ebscohost-com.subr.idm.oclc.org/login.aspx?direct=true&db=bth&AN=23325022&site=eds-live. · Bartell, Laura B. “The ‘Snapshot Rule’ and Proceeds of Exempt Property in Chapter 7: Bringing a Doctrine Into Focus.” American Bankruptcy Law Journal, vol. 95, no. 4, Dec. 2021, p. 563. EBSCOhost, https://search-ebscohost-com.subr.idm.oclc.org/login.aspx?direct=true&db=congale2&AN=edsgcl.690451533&site=eds-live. · Kruger, Lewis, et al. Columbia Law Review, vol. 73, no. 2, 1973, pp. 381–388. JSTOR, https://doi.org/10.2307/1121235. Accessed 9 June 2022. · Allen, Frank M. Social Science Quarterly, vol. 54, no. 1, 1973, pp. 201–201. JSTOR, http://www.jstor.org/stable/42859130. Accessed 9 Jun. 2022. · Bankruptcy Abuse Prevention and Protection Act of 2005, Henry Sommer (Matthew Bender 2005). · Bankruptcy Abuse Prevention and Consumer Protection Act of 2005: Law and Explanation, Sheila Williams & George Basharis (Aspen Publishers 2005). · Chapter 13 Bankruptcy: Keep Your Property & Repay Debts Over Time, Stephen Elias & Kathleen Michon (12th ed., Nolo 2014). · Consumer Bankruptcy Law and Practice, Henry J. Sommer (10th ed., National Consumer Law Center 2012). · How to File for Chapter 7 Bankruptcy, Stephen Elias, Albin Renauer & Baran Bulkat (18th ed., Nolo 2013). · How to Survive and Prosper After a Financial Misfortune, Tracy A. Carr (Atlantic Publishing 2011). 14 / 15 · The New Bankruptcy: Will It Work For You? Stephen Elias & Leon Bayer (5th ed., Nolo 2013). LEXIS-NEXIS · In re Tres-Ark, Inc., No. 09-12589, 2012 Bankr. LEXIS 5427 (Bankr. W.D. Tex. 11/21/12) · In re Interamericas, Ltd., 321 B.R. 830 (Bankr. S.D. Tex. 2005) · In re Allard, 20 B.R. 902 (Bankr. E.D. Mich. 1982), revd, B.R. 517 (E.D. Mich. 1982). NCLC · https://www.nclc.org/images/pdf/bankruptcy/rpt-abi-commission-on-consumer-bankruptcy.pdf JUSTIC.GOV · https://www.justice.gov/jmd/page/file/1492156/download · https://www.justice.gov/jmd/page/file/1398586/download United States Courts: · Bankruptcy Basics: www.uscourts.gov/bankruptcycourts/bankruptcybasics.html · Bankruptcy Forms: www.uscourts.gov/bkforms/ · United States Bankruptcy Code: www4.law.cornell.edu/uscode/html/uscode11/usc_sup_01_11.html United States Bankruptcy Trustee: · Credit Counseling & Debtor Education: www.usdoj.gov/ust/eo/bapcpa/ccde/. · Means Testing: www.usdoj.gov/ust/eo/bapcpa/meanstesting.htm NOTES Business and Non-Business Filings, Years Ending March 31, 2018-2022 Year Business Non-Business Total 2022 13,160 382,213 395,373 2021 19,911 453,438 473,349 2020 23,114 741,168 764,282 2019 22,157 750,489 772,646 2018 23,106 765,722 779,828 15 / 15 Total Bankruptcy Filings By Chapter, Years Ending March 31, 2018-2022 Year Chapter 7 11 12 13 2022 265,071 4,333 228 125,655 2021 345,224 7,832 487 119,502 2020 479,211 6,938 627 277,353 2019 477,106 6,891 509 288,039 2018 480,933 7,735 499 290,566