Dr. Royal Paine, a professor of pharmacy at Eastern Georgia College
Rea the scenarios below and explain the best solution. Include comments related to any ethical issues that arise. To support your answer, you should try to locate at least one case that has been decided on the issue or one that is currently pending.
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Get Help Now!Scenario 1-Bankruptcy
Dr. Royal Paine, a professor of pharmacy at Eastern Georgia College, filed a petition in bankruptcy under Chapter 7, seeking to discharge about $85,000 in credit-card debts and $45,000 in student loans. At the time, Paine had been divorced for five years and had custody of his children: Les Paine, who attended college, and Ophelia Paine, who was thirteen years old. Paine’s ex-wife did not contribute to child support. According to Paine, Ophelia was an “elite” swimmer who practiced ten to fifteen hours a week and had placed between first and third at more than thirty competitive events. Ophelia was homeschooled with academic achievements that were average for her grade level. His petition showed monthly income of $5,272 and expenses of $5,106. The expenses included annual homeschool costs of $8,200 and annual swimming expenses of $5,000. The expenses did not include college costs for Les, such as airfare for his upcoming studies in Europe, and other items. The trustee allowed monthly expenses of $4,227, with nothing for swimming, and asked the court to dismiss the petition.
Can the court grant this request?
Should the court grant the request? If so, what might it encourage Paine to do?
Would all of the debts be discharged?
Does Paine have other options if the Chapter 7 petition is dismissed?
Explain your answers and support them with relevant scholarly sources.
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