Yes, but you won’t find it in the code. Not all bankruptcy judges will allow it, and certainly not in all circumstances. It refers to the situation where a debtor is ineligible to file a Chapter 13 due to the nature and amount of debt or a chapter 20 is simply determined to be the debtor’s best course of action. The debtor therefore files a Chapter 7 to discharge his unsecured dischargeable debt. After the discharge is granted, the debtor files a Chapter 13 to reorganize remaining debt obligations. Hence the name: 7 + 13 = 20. Continue reading
Chapter 20 Bankruptcy?
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