Generally speaking, the debtor's creditors are paid from nonexempt property of the estate. The primary role of a chapter 7 trustee in an asset case is to liquidate the debtor's nonexempt assets in a manner …

This booklet contains general information about Chapter 7 of the U.S. Bankruptcy Code. While this information is accurate as of the date of publication, it should not be cited or relied upon as legal …

Filing personal bankruptcy under Chapter 7 or Chapter 13 takes careful preparation and understanding of legal issues. Misunderstandings of the law or making mistakes in the process can affect your …

Chapter 7 Checklist - Required Forms & Documents for Individuals A complete list of official forms, including those referenced below, can be found at: http://www.uscourts.gov/forms/bankruptcy-forms

In most chapter 7 cases, if the debtor is an individual, he or she receives a discharge that releases him or her from personal liability for certain dischargeable debts.

Answer: Chapter 7: Often called the liquidation chapter, chapter 7 is used by individuals, partnerships, or corporations who are unable to repair their financial situation. In chapter 7 asset cases, the debtor's …

*$338.00 Filing Fee OR Application to Pay in Installments (Form B103A) OR Application to Have the Chapter 7 Filing Fee Waived (Form 103B) ates Bankruptcy Court. Note: Personal checks an OR see …

In chapter 12 and chapter 13 cases, the debtor is usually entitled to a discharge upon completion of all payments under the plan. As in chapter 7, however, discharge may not occur in chapter 13 if the …

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There are different types of bankruptcies, which are usually referred to by their chapter in the U.S. Bankruptcy Code. Individuals may file Chapter 7 or Chapter 13 bankruptcy, depending on the …