BANKRUPTCY COURT
http://www.bankruptcylawcourt.com/news/?p=273 The bankruptcy rules are very complicated. If a debtor fails to comply with the rules or makes misrepresentations to the bankruptcy court, the court may deny a discharge. Debtors have to be very careful to account for everything and to follow the bankruptcy rules. In the alternative, a bankruptcy court may...
http://www.bankruptcylawcourt.com/news/?p=403 While most debtors are granted relief, in certain situations a Court may refuse to grant bankruptcy. Typically, denials result when the Court concludes that: The debtor failed to adequately explain the loss of assets; The debtor committed perjury during the course of the bankruptcy; The debtor failed to...
http://www.bankruptcylawcourt.com/news/?p=174 Bankruptcy is a legal term, meaning that an individual cannot within reason pay off their various debts and have allowed the court system to take over their finances for this purpose. When filing for bankruptcy, the court will appoint someone to work out the payments to your creditors and to determine how...
www.bankruptcylawcourt.com In certain instances, creditors can petition a court to have a debtor be declared insolvent. A bankruptcy that takes place without the debtors consentshould the court grant reliefis called an involuntary bankruptcy. These can only take place under Chapter 7 and Chapter 11 of the U.S. Bankruptcy Code. If the court denies...
www.bankruptcylawcourt.com In most bankruptcy cases, you only have to go to a proceeding called the "meeting of creditors" or a "341 meeting" to meet with the bankruptcy trustee and any creditor who chooses to come. This meeting will take place about 30 or 40 days after the bankruptcy filing. The trustee is not a judge but an individual appointed by...
http://www.bankruptcylawcourt.com/news/?p=453 You must begin making payments under your Chapter 13 repayment plan within 30 days after you file it with the bankruptcy court. Usually, you make payments directly to the bankruptcy trustee (the person appointed by the court to oversee your case). Once your repayment plan is confirmed, the trustee will distribute...
www.bankruptcylawcourt.com A transfer of your home, car or other property up to two years before filing bankruptcy clearly serves no purpose, and may actually make your bankruptcy case worse. Under the current law, the bankruptcy trustee can avoid transfers of real estate property made up to ten years before your bankruptcy filing if the purpose of...
http://www.bankruptcylawcourt.com/news/?p=300 There is a bankruptcy court for each judicial district in the country. Each state has one or more districts. There are 90 bankruptcy districts across the country. The bankruptcy courts generally have their own clerk’ s offices. The court official with decision-making power over federal bankruptcy cases...
www.bankruptcylawcourt.com Once a creditor or bill collector becomes aware of a filing for bankruptcy protection, it must immediately stop all collection efforts. After you file the bankruptcy petition, the court mails a notice to all the creditors listed in your bankruptcy schedules. This usually takes a couple of weeks. Creditors will also stop calling...
www.legalmalpracticecourt.com In a recent article in the Chicago Daily Law Bulletin a decision by the Illinois Appellate Court was discussed dealing with the failure to schedule legal malpractice claims in a bankruptcy proceeding According to the article, a couple of weeks ago the Illinois Appellate Court dismissed a couple's legal-malpractice lawsuit...
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