Process After Filing Bankruptcy

Frequent questions related to what happens after you file bankruptcy.

What is a Notice of Appearance and Request for Notices?

A Notice of Appearance and Requests for Notices is a pleading filed in a bankruptcy case by an attorney indicating that they are representing the particular party (frequently creditor) in the bankruptcy case. By doing so, they are not proposing any action to the bankruptcy court, but asking to be included on the creditor list to get notices that are sent out in the case--notices of hearing, confirmation motions, discharges, and so forth.

What is the Process for Converting to Chapter 7 from Chapter 13?

The process for converting an active Chapter 13 to a case under Chapter 7 is a relatively straightforward process, that in some ways parallels the process of filing bankruptcy using a smaller set of information. The sequence of conversion is summarized in this post.

When are Chapter 13 Claims Filed?

Bankruptcy Rule 3002(c) sets the time for filing claims in chapter 13 cases. For most creditors, the deadline is set at 90 days from the first meeting of creditors, which works out to be a deadline about 4-5 months into the case. Governmental claims, such as taxes, get a different deadline, typically 180 days from the filing of the case.

What is Bankruptcy Fraud?

The bankruptcy code is federal law and the bankruptcy courts are federal courts. Given the significant power the bankruptcy process has to remove the otherwise existent rights of creditors to collect otherwise legal debts, there is the potential for serious abuse. As a deterrent, Congress enacted specific criminal statutes to punish certain serious wrongdoing in the bankruptcy process, in chapter 9 of title 18 of the US Code.

What is an adversary proceeding used for?

When a bankruptcy case is filed, there is a debtor, creditors, a trustee, and other such parties. While the interests of these parties may diverge, there may not be any direct one-on-one adverse relationship between any two parties.

What does the Bankruptcy Trustee Do?

When an individual files a chapter 7 or chapter 13 bankruptcy case in North Carolina, or anywhere, one of the first things to happen is that a trustee is appointed. This is an important role, and the trustee is broadly tasked with administering the bankruptcy case. What this means in practice depends greatly on bankruptcy chapter.

When does the automatic stay end?

The automatic stay begins immediately upon the filing a of a voluntary bankruptcy case. For the most part, it ends on dismissal, discharge, denial of discharge, or closing of the case.

Who reviews my bankruptcy papers after I file?

One of bankruptcy's unique aspects is that there is a huge cast of characters in bankruptcy, each with a particular role. Different officials and parties review filed bankruptcy papers for different things.

What is a Motion to Dismiss in Chapter 13?

A motion to dismiss is a common motion in a chapter 13 bankruptcy. Such a motion asks the judge to close the bankruptcy, and the result is no discharge of debts and the debtor is left to resolve debt matters without the assistance of the bankruptcy process. Most motions to dismiss are filed by the Chapter 13 Standing Trustee.

What is an Adequate Protection Payment?

Basically, adequate protection payments are early-case disbursements made by the chapter 13 trustee from funds the debtor as paid to the trustee, which are directed towards holders of car loans and other certain secured claims on personal property. The theory behind these small payments is to protect the lender from depreciation while the case is pending.


Subscribe to RSS - Process After Filing Bankruptcy