Source: http://law.justia.com/codes/us/2013/title-11/chapter-5/subchapter-ii/section-523/
Timestamp: 2017-08-18 06:49:11
Document Index: 339358743

Matched Legal Cases: ['§ 523', '§ 501', '§ 521', '§ 523', '§714', '§310']

Exceptions to discharge - 11 U.S.C. § 523 (2013) :: Title 11 - Bankruptcy :: 2013 US Code :: US Codes and Statutes :: US Law :: Justia
Justia US Law US Codes and Statutes US Code 2013 US Code Title 11 - Bankruptcy Chapter 5 - CREDITORS, THE DEBTOR, AND THE ESTATE (§§ 501 - 562) Subchapter II - DEBTOR'S DUTIES AND BENEFITS (§§ 521 - 528) Section 523 - Exceptions to discharge
Exceptions to discharge - 11 U.S.C. § 523 (2013)
Section 523(d) represents a compromise between the position taken in the House bill and the Senate amendment on the issue of attorneys&apos; fees in false financial statement complaints to determine dischargeability. The provision contained in the House bill permitting the court to award damages is eliminated. The court must grant the debtor judgment or a reasonable attorneys&apos; fee unless the granting of judgment would be clearly inequitable.
Subsec. (a). Pub. L. 109–8, §714(2), inserted at end "For purposes of this subsection, the term &apos;return&apos; means a return that satisfies the requirements of applicable nonbankruptcy law (including applicable filing requirements). Such term includes a return prepared pursuant to section 6020(a) of the Internal Revenue Code of 1986, or similar State or local law, or a written stipulation to a judgment or a final order entered by a nonbankruptcy tribunal, but does not include a return made pursuant to section 6020(b) of the Internal Revenue Code of 1986, or a similar State or local law."
Subsec. (a)(2)(C). Pub. L. 109–8, §310, amended subpar. (C) generally. Prior to amendment, subpar. (C) read as follows: "for purposes of subparagraph (A) of this paragraph, consumer debts owed to a single creditor and aggregating more than $1,000 for &apos;luxury goods or services&apos; incurred by an individual debtor on or within 60 days before the order for relief under this title, or cash advances aggregating more than $1,000 that are extensions of consumer credit under an open end credit plan obtained by an individual debtor on or within 60 days before the order for relief under this title, are presumed to be nondischargeable; &apos;luxury goods or services&apos; do not include goods or services reasonably acquired for the support or maintenance of the debtor or a dependent of the debtor; an extension of consumer credit under an open end credit plan is to be defined for purposes of this subparagraph as it is defined in the Consumer Credit Protection Act;".
By notice dated Feb. 12, 2013, 78 F.R. 12089, effective Apr. 1, 2013, in subsec. (a)(2)(C)(i)(I), dollar amount "600" was adjusted to "650" and, in subsec. (a)(2)(C)(i)(II), dollar amount "875" was adjusted to "925". See notice of the Judicial Conference of the United States set out as a note under section 104 of this title.