In re Shaw
United States Bankruptcy Court for the Middle District of North Carolina
311 B.R. 180 (2003)
- Written by Ryan Hill, JD
Facts
The Shaws (plaintiffs) were a married couple with two adult children. The Shaws had been consistently employed for five years and claimed income of $138,000 in 2001 and $157,000 in 2002 on their tax returns. Despite their high income, the Shaws had gradually accumulated large debts by living beyond their means for years. The Shaws lived in a large home and had purchased expensive cars and consumer goods. The Shaws supported one adult child living at home and paid college tuition and expenses for their other child. The Shaws unsecured debt included $130,000 in credit-card debt. The Shaws filed for chapter 7 bankruptcy. The Shaws submitted a proposed chapter 7 plan that essentially maintained their existing lifestyle, including keeping their home, three vehicles, and continuing to pay college tuition for their child.
Rule of Law
Issue
Holding and Reasoning (Carruthers, J.)
What to do next…
Here's why 816,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 46,300 briefs, keyed to 988 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.