Chapter 7 Trustees The chapter 7 interim trustees for cases filed in the the U.S. Bankruptcy Court for the District of Kansas are charged with liquidating non-exempt property and recovering transfers improperly made by you prior to the filing of your petition. They turn these assets into cash and pay the cash to your creditors….
Reaffirmation Requires More than Checking a Box By Jonathan Ginsberg of Bankruptcy Law Network Much has been written on this blog about reaffirmation. BLN author Jed Berliner makes a compelling argument that reaffirmation in Chapter 7 is a bad idea – why should you assume personal liability for a debt and forgo up to 8…
Questions the Trustee is required to ask you at your bankruptcy hearing called a 341(a) meeting of creditors: 1. State your name and current address for the record. 2. Please provide your picture ID and Social Security number card for review. 3. Did you sign the petition, schedules, statements, and related documents and is the…
CONVERSION CONFUSION In re Fry, Case No. 04-16887 October 2008 Judge Nugent Debtor converted from 13 to 7 and then learned she was not eligible for a 7 and attempted to converted back to 13. Case dismissed as an “end run” around 7 discharge. Digest by: Jan Hamilton, Trustee
TAX REFUND ASSIGNMENTS AND CHAPTER 7 In re: Sydmark, Case No. 06-41218 In re: Black-Watkins, Case No. 05-42439 June, 2008, Judge Karlin Lamie v. US and Redmond v. Lentz, Hodes and Wagers redux. Assignment of a tax refund does not divest the estate of an interest in them, even though UCC1 was filed. In a…
DEBTORS MAY BE CONVERTED TO 7 EVEN THOUGH NOT ELIGIBLE FOR 7 DISCHARGE In re Rogers, Case No. 08-21487 January 2009, Judge Somers In a case in which assets may be liquidated, a 13 may be converted to a 7 even though debtors may not be eligible for a 7 discharge. Digest by: Jan Hamilton,…
Conversion: Cases under the Code may be converted from one chapter to another chapter; for example, a Chapter 7 case may be converted to a case under Chapter 13 if the debtor is eligible for Chapter 13. Even though the chapter of the Code which governs it changes, it remains the same case as originally…
Chapter 7 Bankruptcy: The most common form of bankruptcy, a Chapter 7 case is a liquidation proceeding, available to individuals, married couples, partnerships and corporations. More in Bankruptcy Basics.
Watch what happens at a bankruptcy meeeting of creditors, also known as your 341 hearing. What will they ask me at my bankruptcy meeting?
How to Get Started Filing for Bankruptcy How to Get Your Bankruptcy Certificate from a Credit Counselor Documents to Gather for Your Bankruptcy Attorney
Types of Bankruptcy There are three main types of bankruptcy cases for individuals, the most common of which are chapter 7 and chapter 13. Running Time: (3:55)
