by nathan smallcomb | Nov 23, 2015 | Bankruptcy
Under the Bankruptcy Code, a voluntary or involuntary case is commenced by filing a petition with the bankruptcy court. A Chapter 7 or 11 bankruptcy case may be initiated by a voluntary filing by the debtor or by an involuntary filing by the debtor’s creditors. Cases...
by nathan smallcomb | Nov 23, 2015 | Bankruptcy
A family farmer may be excused from completing payments under a plan of reorganization if payments under the plan are not completed due to circumstances for which the family farmer cannot be held accountable and other statutory criteria have been met.. Grant of...
by nathan smallcomb | Nov 23, 2015 | Bankruptcy
A petitioner must reside in or have a domicile, a place of business, or property in the United States in order to file a Chapter 7 bankruptcy. The petitioner must not have been granted a discharge under Chapter 7 or Chapter 11 within the last eight years. or completed...
by nathan smallcomb | Nov 23, 2015 | Bankruptcy
Dischargeable debts are those debts that can be discharged through bankruptcy proceedings. A debtor is no longer personally liable to pay for dischargeable debts after the bankruptcy proceedings are concluded. Dischargeable Debts The following debts are dischargeable:...
by nathan smallcomb | Nov 23, 2015 | Bankruptcy
The commencement of a voluntary, joint, or involuntary bankruptcy petition automatically creates an “estate.” The estate is comprised of all the property that is described in Section 541 of the Bankruptcy Code. It includes all legal or equitable interests of the...
