Submitted by Anonymous (not verified) on Wed, 06/17/2015 - 02:30
Chapter 13 bankruptcy is described as "Adjustment of Debts of an Individual with Regular Income" in the Bankruptcy Code. Although it is not referred to as a "reorganization" as is chapter 11, it is actually quite similar to chapter 11.
Submitted by Anonymous (not verified) on Tue, 06/16/2015 - 15:07
In a chapter 7 or 13 bankruptcy case, a "creditors' meeting" is held three to seven weeks after the case is filed. The bankruptcy code requires this meeting to be held. Although called a "creditors' meeting," in most cases no creditors attend.
A chapter 7 creditors' meeting is usually presided over by the chapter 7 trustee and a chapter 13 creditors' meeting by the standing chapter 13 trustee. The debtor is required to attend to creditors' meeting unless there are special circumstances to excuse attendance.
Submitted by Anonymous (not verified) on Tue, 06/16/2015 - 15:07
In a chapter 7 or 13 bankruptcy case, a "creditors' meeting" is held three to seven weeks after the case is filed. The bankruptcy code requires this meeting to be held. Although called a "creditors' meeting," in most cases no creditors attend.
A chapter 7 creditors' meeting is usually presided over by the chapter 7 trustee and a chapter 13 creditors' meeting by the standing chapter 13 trustee. The debtor is required to attend to creditors' meeting unless there are special circumstances to excuse attendance.
Submitted by Anonymous (not verified) on Tue, 06/16/2015 - 01:18
In a much awaited decision, the United States Supreme Court ruled in favor of Bank of America and held that "underwater" mortgages are not avoidable in a chapter 7 liquidation case. Noteably, the ruling did not involve a chapter 13 situation.
Submitted by Anonymous (not verified) on Tue, 06/16/2015 - 01:18
In a much awaited decision, the United States Supreme Court ruled in favor of Bank of America and held that "underwater" mortgages are not avoidable in a chapter 7 liquidation case. Noteably, the ruling did not involve a chapter 13 situation.
Submitted by Anonymous (not verified) on Mon, 06/15/2015 - 02:23
In a Totten trust bank account a person deposits his money into an account in his own name as trustee for another. A Totten trust account is also known as a "payable upon death" account. The Totten trust doctrine has been accepted in Florida.