The Silicon Valley Bank seized $180,548 that was in EHow’s accounts to repay marvelous loans. eHow was acquired by Demand Media in 2006. Originally it was a resource of written articles and little by little instructions. At case study answer time of its acquisition it had 17,000 articles and 5. 8 million visitors a month. A year after purchasing case study answer website Demand Media announced case look at answer video layout. Under Section 706 of case look at answer chapter code, case look at solution debtor may convert a Chapter 7 case to Chapter 11, 12, or 13 at any time. The court docket may order a conversion to Chapter 11 at any time upon request of a party in attention and after notice and listening to. And, as mentioned next, a case could be transformed from Chapter 7 to Chapter 13 if case look at solution debtor consents, or be disregarded if he does not, in the ones instances wherein case study solution debtor makes too much money to be discharged with out it being an “abuse” under case look at answer 2005 act. The first explanation why is “for cause,” after observe and a listening to for trigger, adding 1 unreasonable delay by case look at solution debtor that prejudices collectors, 2 nonpayment of any fees required, 3 failure to file required documents and schedules. The 2nd reason for dismissal or, with case look at answer debtor’s permission, conversion to Chapter 11 or 13 applies to debtors whose debt is basically client debt: case look at answer court docket may—after notice and a listening to—disregard a case if granting aid could be “an abuse of case study solution provisions” of case look at solution chapter code. The 3rd reason behind dismissal is truly case examine solution crux of case look at answer 2005 law: beneath it, case look at answer court will find that granting relief below Chapter 7 to a debtor whose debt is basically customer debt is “an abuse” if case look at solution debtor makes an excessive amount of cash.
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