Chapter 13 Trustee And Its Role In Bankruptcy Discharge

Whenever a person appeals for bankruptcy he or she has to follow certain rules and regulations. There is a well laid out role under chapter 13 trustee which has been codified 1978 under 11 U.S.C. section 1302. As per the broad terms of this role a chapter 13 trustee is appointed by the relevant authorities take care of the case. Only under abnormal circumstances or when there is a conflict of interest between the trustee or the debtor, the person appointed will not continue to perform the role of chapter 13 trustee throughout the entire Read More …

Credit Management a Vital Considerations on How To Perform Better

When it comes to discussing how to ensure proper credit management, there are a few essential aspects that need to be taken into consideration. There is no doubt in the significance of having a good credit score. If you are looking to apply for loans, you will need to improve upon your bad credit score. And improving credit score requires better credit management from your end. In this article, you will be able to learn different ways to: Repair your Bad Credit Score and Things to Consider for Better Credit Management If you have borrowed Read More …

The Types Of Bankruptcies You Could Settle For

Generally there are 2 types of bankruptcies that are made available to consumers, which are the chapter 7 and chapter 13. Let us now take a closer look at each of them, and the specific requirements for filing them. Chapter 7 Also known as straight insolvency, this is the most common kind that is permissible to be filed by the law, by both consumers and businesses alike. To file for this type of foreclosure , your current income needs to be at least at the same level as the median amount set in your given Read More …

How Often Bankruptcy Trustees will Check your Accounts

Bankruptcy Pre Discharge Course The court- appointed trustee in charge of your bankruptcy has got broad powers of reviewing all your bank account’s financial records, while your bankruptcy is still in process. Typically, the trustee can decide to check all your bank accounts each time he or she feels a need, although there are some several key points in your bankruptcy when all your accounts can definitely be under review. This write up will focus on discussing about the various situations that will lead to bankruptcy trustees checking your account. How Often Bankruptcy Trustees will Read More …

The Chapter 11 Bankruptcy Basics

Also known as the reorganization stage of bankruptcy, the Chapter 11 bankruptcy was derived from the USA bankruptcy code 11. It is a type of insolvency that entails the reorganization of a debtor’s assets and business affairs. This form of liquidation is filed by corporations that need enough time to reorganize their debts and it is basically meant to give a fresh start to the debtor. The fresh start is subjected to the Chapter 11 bankruptcy obligation fulfillment by the debtor, under the reorganization plan. It is available to partnerships, corporations and individuals. This form Read More …

Bankruptcy Pre Discharge Course: How to Re-establish Your Financial Well

Introduction Bankruptcy Pre Discharge Course is a requirement before any bankruptcy case can be discharged. It is a requirement that was set forth in bankruptcy reform law. Online courses are available 24 hours a day and seven days a week. Upon completion of the program, you will earn a certificate that meets the Bankruptcy Pre-Discharge education requirement as far as the Justice Department is concerned. The average cost for the bankruptcy course is about $50 per household. Bankruptcy Pre Discharge Course aims to provide individuals who are recovering from bankruptcy the necessary skills to manage Read More …