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A little-discussed loophole in the new federal bankruptcy law could soften some of the controversial law's bite -- depending on how judges interpret it. The wild card is that Chapter 7 filers can sidestep the new means test if they can show that "special circumstances" -- such as the recent hurricanes -- have shrunk their income or increased their debts. But no one is sure how special circumstances will be defined for other debtors forced into court by events beyond their control.
October 28, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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