It is usually a last resort as it typically involves the trustee selling some of your assets, which may include your house and car if they are deemed of excessive value. For example if you owned a very expensive house or vehicle, you may be expected to downgrade these in order to repay...
For example, you won’t have to complete the course if the U.S Trustee confirms there’s no credit counseling agency in your bankruptcy district. But as we mentioned, counseling could be through the phone or online. Thus, it’s unlikely that the counseling course will be unavailable. You ...
Sections 1101, 1107, and 1108 provide that a debtor may continue to operate the debtor’s business as a “debtor in possession” unless the Bankruptcy Court orders the appointment of a trustee. The debtors remain in possession of their property and continue to operate the business. A creditor...
“The concept of bankruptcy is that you, as a debtor, surrender your right to handle your own affairs, and a trustee is appointed to oversee them,” said Carl G. Archer, a bankruptcy lawyer with Maselli Warren, P.C., in Hamilton, New Jersey. “Your affairs become part of an ‘estate...
What Is Zero Down Bankruptcy? Do I Have to Go To Court If I File Bankruptcy In Tucson? What Does A Payment Plan Look Like In A Zero Down Bankruptcy? My Credit Is Bad, Can I Still Do A $0 Down Bankruptcy? Can My Employer Fire Me If I File For Bankruptcy?
Bankruptcy Trustee Sues Ex-Partner of Law Firm over Payment DefaultFred Faust Of the Post-Dispatch
mental disorder or bankruptcy of a Member by sending it through the post in a prepaid letter, envelope or wrapper addressed to him by name, or by the title of representative of the deceased, or trustee of the bankrupt, or by any like description, at the address, if any, supplied for th...
We often take calls from clients that are interested in simply filing bankruptcy online. Filing for bankruptcy protection is an involved process. We strive to make it as easy and as affordable as possible. However, the process involves providing the court and the bankruptcy trustee with a great...
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...
determine which assets can be liquidated to pay creditors. The trustee then schedules meetings with the creditors, where the validity of the petition and finances is confirmed. As the name suggests, the “meeting of creditors” allows them to meet with the trustee and the debtor to ask ...