The Report of No Distribution is basically the trustee's report to the court the he or she has concluded the investigation in your case and determined that you have nothing of value to be sold for the benefit of your creditors. "Dear Court: There's nothing here and my job is done. Please cut me loose". The likely outcome is that you will receive your discharge in the near future and be able to keep the property you listed if creditors do not file any legal objections to your discharge.
While the number of years in practice can be an important factor, that only tells you how far they've been on the road and not how far they've travelled. What if the person who passed the bar exam in 2006 had decided to take it e off to write a book or travel? The newer attorney might actually have more experience. Heck, I tried my first case 6 months after I was admitted to practice.
Ask the how many similar cases they've handled. How many trials? How many depositions? Ask if they have...
In most bankruptcy courts, the lien is not permanently stripped until you complete the plan and get a discharge. You need not worry about the increase in property value.
I woudl talk to you attorney about the feasibility of closing the plan out early.
Some courts take longer than others to enter the discharge. Did you take the second class in financial management and file the certificate of completion with the court? This is necessary to get your discharge. You also need to sign a declaration with the court certifying you took the class.
If you filed the documents on time and there were no objections to you receive a discharge within the 60 days after your first meeting creditors, the court will eventually enter your discharge. I've...
You haven't provided enough information, but failing show up at the meeting of creditors won't necessarily guarantee dismissal of your case. Your could find your assets being sold off AND being denied a discharge.
You need to meet with your attorney and discussed whether or not it would be possible to change your exemptions to protect more of the equity in your home. You also need to discuss whether or not conversion to a Chapter 13 is feasible.
The exact procedure will vary depending on the court. Down here in San Diego, the trustee would typically get the information about the pay increase and file a motion to modify the plan. The trustees have computer programs that allow them calculate the increase in payment and thus the corresponding increase in what goes to the unsecured creditors.
It is up to the debtor or debtor's attorney to object to the requested for a modified plan if appropriate. You may may have had an increase on...
The timing of your bankruptcy is the key. There several complex rules regarding the type of taxes and when they were do that govern whether a particular tax debt may be discharged in bankruptcy. You need to consult a local bankruptcy attorney on this issue. File your case too soon and you may end up being stuck with tax debt that could have been discharged.
Delaying the sale while they monitor the bankruptcy is specifically allowed under case in the 9th Circuit, which includes California. it is pretty common for people filing a "barebones" bankruptcy to stop a foreclosure only to see it dismissed later.
You are wise to monitor the foreclosure date. Make sure you keep current on your payments and provides all documents needed by the trustee to avoid dismissal.