When declaring yourself bankrupt, you are stating that you are unable to pay off your outstanding debts, and you pass the responsibility for your debt repayments to a trustee, who will either be an Official Receiver or an Insolvency Practitioner. Any person in England, Wales or Northern Ireland...
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case with respect to a Complaint filed by the Chapter 7 Trustee, Richard M. Coan (“the Trustee ”), to Avoid and Recover Unauthorized Post-Petition Transfers. Trustee Coan sought avoidance of four transfers, all of which were made after the commencement of the bankruptcy case to MDC ...
to five years. Unlike Chapter 7, this type of bankruptcy allows you to keep your assets while making monthly payments to creditors via a trustee. Once the repayment plan is completed, any remaining eligible debt may be discharged. This option stays on your credit report for up to seven ...
It will only be longer than this if you have failed to cooperate with your court trustee or if you have failed to meet any of the terms laid down by your county court. You can find out the exact date of your discharge by checking the publicly available Individual Insolvency Register ...
A bankruptcy trustee is a court-appointed official responsible for overseeing the bankruptcy process, managing the debtor’s estate, and ensuring that creditors receive fair treatment.
The bankruptcy trustee's role in this chapter is to collect the payments, distribute the funds to creditors, and request that payment amounts be increased if necessary. The trustee may arrange and run an initial meeting between the debtor and the creditors. Chapter 13 bankruptcy has been referre...
The key to protecting the investors from having payments made to them set aside by the bankruptcy trustee as voidable preferences is shown to lie in the... Dobbs,C.,Edward - 《West Virginia Law Review》 被引量: 0发表: 1982年 Voidable Preferences and Protection of the Expectation Interest On...
Bankruptcy trustee can recover restitution payments, says 9th CircuitPat Murphy
Once the plan is in place, the debtor must begin making regular, agreed-upon payments to the trustee, which the trustee will then distribute among the creditors. This will typically go on for three to five years, after which any remaining debts will be discharged, so long as the debtor ha...