Bankruptcy Court

When you file for bankruptcy, you must provide the court with a list of your creditors. Your creditors can then file a proof of claim, in which the creditor states that you owe a certain amount of…

A federal judge can legally confiscate a debtor’s savings. Bankruptcy in the United States however, does not usually result in a debtor losing his savings unless he has a substantial amount in…

If you do not pay your bills as promised or are successfully sued for harming another person, a court-ordered judgment results. While filing for bankruptcy debt relief under Chapter 7 or a partial…

Adoption can be a trying experience for individuals and families. The process can be lengthy and stressful, especially if it was ever interrupted. Sometimes situations arise that can cause cases to be…

Accord claim forms are submitted when an individual believes that he has been taken advantage of concerning a job matter. A person that feels that he has been discriminated against in relation to…

The proceeds from assets liquidated during a bankruptcy are distributed among the creditors owed, according to U.S. bankruptcy law. The Trustee, a representative of the court, does this according to a…

Court fines come in a variety of types and amounts, from small traffic violation fines to large labor or health and safety fines. The money can be distributed to a variety of government accounts…

Going bankrupt is a huge decision, and a sometimes confusing and frustrating legal process. It requires that you to allow official bodies to assess your finances, and see whether your debt is…

Chapter 13 bankruptcy protection consists of a federal debt relief plan administered by a court trustee and approved by a bankruptcy court judge. The U.S. Bankruptcy Code allows an individual to begin…

Not all debts can or should be discharged during the course of bankruptcy proceedings, according to "The Glannon Guide to Bankruptcy," by Nathalie Martin. The U.S. bankruptcy court enumerates certain…

If you have made a loan to someone or sold a product to someone who has not fully paid for the product, then you are a creditor. If you need the answer to this question, then your debtor has many more…

Bankruptcy offers Ontario residents the opportunity to remove crushing debt from their lives and pay off most creditors in an orderly manner. The Bankruptcy and Insolvency Act (BIA) covers all…

Mississippi bankruptcy court rules govern the requirements consumers and business owners must meet to comply with the state's several bankruptcy options, such as chapter 7 or chapter 13. The courts…

If you are a creditor that has been informed that a debtor who owes you money has filed for bankruptcy, you understandably want to collect on the debt. Unfortunately, you must cease your attempts at…

Personal bankruptcy laws enable individuals unable to make payments on their debt obligations to find legal relief from their debt. Regardless of the state the individual resides in, bankruptcy laws…

The federal Bankruptcy Code sets guidelines that every debtor must follow in order to successfully complete a bankruptcy case. The Bankruptcy Code allows states to institute certain rules that will…

The federal Bankruptcy Code requires that creditors cease attempts to collect on debts after a debtor has filed a bankruptcy petition. This law imposes an automatic stay on the creditors, and a…

The fundamentals of bankruptcy law apply to all types of individual cases, whether an application for debt forgiveness under Chapter 7 or a proposed Chapter 13 repayment plan, according to the book…

Bankruptcy laws are designed for people who are unable to pay creditors. The goal is to allow a fresh start by either liquidating assets to pay back debt or developing a supervised repayment plan.…

Once all filed claims have been paid in a bankruptcy proceeding, there may be additional funds remaining in the court's registry. In Florida, you may have a legal right to these remaining funds if you…

When declaring bankruptcy, debtors must file a petition with a bankruptcy court, which falls under federal jurisdiction. State courts cannot try cases of bankruptcy. In Oklahoma, there are three…

Filing for bankruptcy varies by state and by household or situation. In Florida, four filing options are available, providing different exemptions and repayment schedules. Knowing the rules up front…

The moment a debtor files a bankruptcy case, the bankruptcy court automatically issues what is called a stay order. The stay order requires all collection activities to cease against the debtor.…

A "Proof of Claim" form is a legal document filed by a creditor in a bankruptcy action. The completed form lets the court know that the person or business filing for bankruptcy remains indebted to…

Bankruptcy protection is one of the primary benefits to an individual filing for insolvency. This keeps creditors at bay so the debtor has an opportunity to get back on her feet financially. Violating…

Whether business or personal, the tasks and time involved in filing bankruptcy are daunting, and there are no hard-and-fast rules. Each situation involves different circumstances. Business and…

A Chapter 7 bankruptcy is designed to permit a debtor the ability to obtain a discharge of her obligations to most if not all of her creditors. Upon discharge of a Chapter 7 bankruptcy case, a debtor…

The U.S. Bankruptcy Code establishes how a bankruptcy case affects judicial actions and other proceedings that affect your assets, debts, income or expenses. This includes an arbitration. Pursuant to…

A Chapter 13 bankruptcy plan is designed to permit you the ability to pay off all of most of your debts over a period established by the bankruptcy court. Through a plan, you pay an established amount…

Knowing the difference between a pre-petition account and a post-petition account could keep creditors' hands off your future earnings. In the context of a Chapter 7 bankruptcy filing, "a debtor's…

The U.S. bankruptcy laws all are codified in what is known as the U.S. Bankruptcy Code. The most important elements of U.S. Bankruptcy Code include the type of bankruptcy cases consumers and…

Bankruptcy in Australia, like in the United States has its advantages. Just as in the US, an Australian can get protection by law from creditors contacting him about paying them what is owed by…

A Chapter 13 bankruptcy is designed to allow you the ability to pay off your creditors through a court-supervised repayment plan. The typical plan lasts between two to five years depending on the…

When someone does not pay his mortgage loan on time, the lender has the legal right to foreclosure on the house or land backing the loan. However, if the debtor has filed for bankruptcy, the lender…

There are two types of personal bankruptcy under the United States Bankruptcy Code, Chapter 7 and Chapter 13. Both chapters of the bankruptcy code provide for paying creditors back a percentage of…

Filing bankruptcy gives the debtor, at a minimum, a break from collection activity due to the "automatic stay" of all other legal proceedings imposed by 11 U.S.C. 362 of the Bankruptcy Code. However,…

Most of the bankruptcy process occurs away from the supervision of a judge. The trustee takes the responsibility of mediating between debtor and creditors, and can resolve many issues between them.…

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 made credit counseling mandatory for all consumer bankruptcy debtors. By law, this counseling must come from a nonprofit provider…

As part of preparing to file for bankruptcy, understanding the structure of bankruptcy courts is helpful. By appreciating the manner in which bankruptcy courts are structured, you obtain a clearer…

In a chapter 13 bankruptcy plan, the consumer debtor and his creditors abide by a plan that allows the debtor to pay back some or all of his unsecured debt in a set amount of time (three to five…

When you file for bankruptcy, an automatic stay puts creditors on notice to cease and desist in taking any action against you or your belongings. Relief from a Chapter 7 automatic stay can be gained…

When debt becomes too much to handle, it's time to take action to resolve a serious financial situation. Bankruptcy can present a solution to the problem, whether allowing the debtor to reorganize…

Filing for bankruptcy is a drastic step, but sometimes it is the only alternative left after exhaustive exploration of other options. If you decide to consider bankruptcy, learning how bankruptcy…

Bankruptcy court is a body of the federal government that allows consumers in all states plus the District of Columbia to petition for debt relief or forgiveness when they cannot repay their bills as…

Chapter 13 bankruptcy sometimes necessitates the case being reopened for some South Carolina residents. The most common reason for reopening a Chapter 13 case in the state is the need to revisit the…

All forms of bankruptcy attempt to help debtors get out of debt and creditors recover as much of their money as possible. Both sides make compromises so that a debtor is not completely wiped out or a…

For millions of Americans, no words are strong enough to describe the shame and sense of failure generated by the dreaded letters of BK, the standard shorthand to describe bankruptcy. Bankruptcy is…

Bankruptcy doesn't always mean a person is completely wiped out or a company is out of business. In fact, increasingly, the opposite is usually true. Bankruptcy is a branch of law with many types,…

If you are the creditor of an individual filing for bankruptcy, you will need to file a proof of claim with the court if you desire to be paid. How you file a proof of claim can vary, depending on the…

If you declare bankruptcy under Chapter 13, you will usually be expected to make payments over the course of 3 to 5 years in order to discharge all of your debts. However, you may be unable to…