What Is the $900 Luxury Goods Presumption in Illinois Chapter 7 Bankruptcy?
Recent Credit Card Charges and the Risk of a Discharge Objection in Illinois Key Takeaways: Under 11 U.S.C. § 523(a)(2)(C), consumer debts for luxury goods or services owed to a single creditor totaling more than $900 incurred within 90 days of filing may be presumed nondischargeable in Chapter 7, with a parallel rule for cash […]