How a Chapter 7 Bankruptcy Trustee distributes seized assets of the Bankruptcy Debtor to Creditors & Others.
Following a judgment, a private party creditor must file for a Writ of Garnishment, Sequestration or Levy to attempt to collect on the judgment. Whether the judgment Creditor can collect a garnishment may depend on whether the judgment debtor is "judgment proof."
For a home, constructed on real property, that the bankruptcy debtor owns. (Depending on State law, it may also include a (formerly) mobile home that has been permanently affixed to real property that the bankruptcy debtor owns).
Can bankruptcy representation be divided into discrete transactions that are both severable and separately billable? Or is a consumer bankruptcy attorneys bundle of services divisible only by Zero? Several attorneys in this NACBA/LinkedIn community have expressed opinions criti...
ElibiibIty to file a 2nd bankruptcy & obtain an order discharging debts. (This guide deals only with eligibility for discharge based on the passage of time between the 1st & 2nd bankruptcy; however, a discharge can be denied for other reasons, e.g. a 180-day bar under 11 U.S.C. §109).
Meaning & Effect of Receiving an IRS Form 1099-C Dealing with "Phantom Income" IRS Form 982 to offset imputation of income
Certain debts are never dischargeable in Chapter 7 bankruptcy. Some debts may be dischargeable depending on the age of the debt. Some debts may be non-dischargeable based on other criteria or actions taken by the creditor during the bankruptcy. This guide explains some of the differences.
The two types of service of summons in Missouri & the differences in remedies available.
Depending on the chapter of bankruptcy completed, some divorce decree obligations may be discharged; however, some obligations cannot be discharged under any chapter of bankruptcy. Court orders for domestic support obligationa term that includes child-support, alimony, spous...
Bankruptcy debtors must usually choose between a Chapter 7 or 13. A Chapter 7 bankruptcy typically concludes very quickly a matter of 3 or 4 months. A chapter 13 requires payments to a bankruptcy trustee for 3 to 5 years. Eligibility for a Chapter 7 bankruptcy includes three...