Discharge In Chapter 7 Bankruptcy Cases
Dec 19, 2012
A discharge releases individual debtors from personal liability for most debts and prevents the creditors owed those debts from taking any collection actions against the debtor. Because a chapter 7 dis...
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Role of the Trustee in Chapter 7 Bankruptcy Cases
Dec 19, 2012
When a chapter 7 petition is filed, the U.S. trustee (or the bankruptcy court in Alabama and North Carolina) appoints an impartial case trustee to administer the case and liquidate the debtor's nonexem...
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How Chapter 7 Bankruptcy Works
Dec 19, 2012
A chapter 7 case begins with the debtor filing a petition with the bankruptcy court serving the area where the individual lives or where the business debtor is organized or has its principal place of b...
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Eligibility for Chapter 7 Bankruptcy
Dec 19, 2012
To qualify for relief under chapter 7 of the Bankruptcy Code, the debtor may be an individual, a partnership, or a corporation or other business entity. 11 U.S.C. 101(41), 109(b). Subject to the means...
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Alternatives to Chapter 7 Bankruptcy
Dec 19, 2012
Debtors should be aware that there are several alternatives to chapter 7 relief. For example, debtors who are engaged in business, including corporations, partnerships, and sole proprietorships, may pr...
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Chapter 7 Bankruptcy
Dec 19, 2012
A chapter 7 bankruptcy case does not involve the filing of a plan of repayment as in chapter 13. Instead, the bankruptcy trustee gathers and sells the debtor's nonexempt assets and uses the proceeds of...
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PILOTS BILL OF RIGHTS - OUR COMMENT TO THE RULE MAKING
Dec 19, 2012
We submitted our comment just in time and have posted a copy of our submission. See attachment. We hope that you have also posted comments about the language of the new rules of NTSB appeals procedure...
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PILOTS BILL OF RIGHTS - DEADLINE FOR COMMENT ON RULEMAKING
Dec 19, 2012
Attached you will find a copy from the Federal Register - 77 FR 63242 - Rules of Practice in Air Safety Proceedings
In response to requirements in the Pilots Bill of Rights that 1) the Federal Rules of...
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WHAT THE IRS WANTS FROM AIRCRAFT MANAGEMENT AGREEMENTS (PART 1)
Dec 19, 2012
The Office of Chief Counsel for the IRS released Memorandum #201210026 on March 9, 2012, stating that when an owner hires an aircraft management company, the owner is seeking taxable transportation ser...
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Pilot's Duty to Seek Clarification of ATC Instructions
Dec 19, 2012
An airliner cruising at 24,000 feet was cleared to descend to 21,000 feet. The pilots acknowledged the clearance but penetrated the cleared altitude and descended almost to 20,000 feet. The Air Traffic...
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