A Statement of Exemption from Presumption of Abuse Under Sec.707(b)(2) is a document used by a debtor in a bankruptcy case to provide evidence that the debtor's financial situation does not qualify under the bankruptcy code as an "abuse" of the bankruptcy system. This document is often used by debtors who have more than one bankruptcy filing in a short time period, or whose financial circumstances do not match the criteria of an abuse of the bankruptcy system. There are two types of Statement of Exemption from Presumption of Abuse Under Sec.707(b)(2): the Affidavit of Exemption and the Financial Statement of Exemption. The Affidavit of Exemption is a sworn statement that provides evidence that the debtor's financial situation does not meet the criteria for abuse. The Financial Statement of Exemption is a detailed financial report that outlines a debtor's assets, liabilities, income, and expenses. This document helps the court determine if a debtor's financial circumstances qualify for an exemption from the presumption of abuse.
Statement of Exemption from Presumption of Abuse Under Sec.707(b)(2)
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How to fill out Statement Of Exemption From Presumption Of Abuse Under Sec.707(b)(2)?
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