Showing 25-36 of 123 results
BK 124: Chapter 5 of the Bankruptcy Code
Chapter 5 of the Bankruptcy Code Bankruptcy Code Chapter 5 provides for rights of creditors, duties of debtor, obligations of debtor’s counsel, and administration of the bankruptcy estate. Chapter 5 consists of sections 501 thru 562. Not all sections of Chapter 5 will be addressed. Instead, concentration is placed on those…
BK 125: Chapter 7 of the Bankruptcy Code
Chapter 7 of the Bankruptcy Code Bankruptcy Code Chapter 7 is different than Code chapters 1, 3 & 5. Think of Chapters 1, 3 and 5 as the internal gears that make the bankruptcy machine operate efficiently – the nuts and bolts of the bankruptcy process if you will. In…
BK 126: Timeline for a Chapter 7 Case
Timeline for a Chapter 7 case. Debtors are frequently apprehensive of and often overwhelmed by the bankruptcy process. So, a detailed explanation of the Chapter 7 timeline goes a long way to soothing a debtor’s anxiety. Understand the day-by-day operations of a typical Chapter 7 case.
BK 127: Alternatives to a Chapter 7 Case
Alternatives to a Chapter 7 Case. Filing bankruptcy is a last resort for most people. People in debt try to avoid bankruptcy by “tightening their belts” to reduce monthly expenses so the debts can be repaid over a period of time. Other people try increasing monthly income by working overtime or…
BK 128: Chapter 7 Eligibility
Eligibility for a Chapter 7 Case. To qualify for relief under Chapter 7 of the Bankruptcy Code, the debtor may be an individual, a partnership, or a corporation or other business entity. 11 U.S.C. § 101(41) & 11 U.S.C. § 109(b). Bankruptcy relief is available under Chapter 7 regardless of the amount of…
BK 129: Role of the U.S. Trustee
Role of the United States Trustee. A U.S. trustee is part of the United States Trustee Program established by the United States Department of Justice. The U.S. Trustee Program is a component of the Department of Justice that seeks to promote the efficiency and protect the integrity of the federal…
BK 130: Role of the Chapter 7 Panel Trustee
The Role of the Chapter 7 Panel Trustee. The U.S. trustee must be distinguished from a Chapter 7 panel trustee. This chapter focuses on the Chapter 7 panel trustee. The U.S. trustee in each district has assembled a pool of private people to act as Chapter 7 trustees. These people are typically attorneys. …
BK 131: Section 341 Meeting of Creditors
Section 341 Meeting of Creditors. The U.S. trustee appoints an impartial “Chapter 7 panel trustee” to administer the Chapter 7 case promptly after the bankruptcy petition is filed with the clerk of the court. 11 U.S.C. § 701. The Chapter 7 panel trustee must administer the case in accordance with the trustee’s statutory…
BK 132: The Automatic Stay
The Automatic Stay Injunction Protection. The “automatic stay” is a statutory injunction against efforts outside of bankruptcy to collect debts from a debtor who is under the protection of the bankruptcy court. Saint Catherine Hospital of Indiana v. Indiana Family and Social Services Admin., 800 F.3d 312, 315 (7th Cir. 2015). Generally,…
BK 133: Chapter 7 Discharge
Chapter 7 Discharge. The bankruptcy discharge varies depending on the type of case a debtor files: Chapter 7, 11, 12, or 13. This course’s primary focus is the discharge granted to an individual in a Chapter 7 case. What is a Discharge in Bankruptcy? A bankruptcy discharge releases the debtor from personal…
BK 134: NBA Bankruptcy Scholar Certificate Exam
NBA Bankruptcy Scholar Certificate Exam – 250 Questions. So, do you have what it takes to pass the 250-question exam and earn the Bankruptcy Scholar certificate from National Bankruptcy Academy? Start down the path toward being recognized by your peers and prospective clients as a top Chapter 7 consumer bankruptcy…
BK 135: SBM Bankruptcy Scholar Certificate Exam
SBM Bankruptcy Scholar Certificate Exam – 300 Questions. So, do you have what it takes to pass the 300-question exam and earn the Bankruptcy Scholar certificate from Schaller Bankruptcy Masterclass? Start down the path toward being recognized by your peers and prospective clients as a top Chapter 7 consumer bankruptcy…