Mar 28, 2018· Chapter 7 bankruptcy is known as a liquidation bankruptcy. Most of your property is sold and used to pay off your debts. Chapter 7 bankruptcy is generally meant for people with limited incomes who do not have the ability to pay back all or some portion of their debts. Chapter 13 bankruptcy is referred to as a reorganization bankruptcy. Your ...
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May 30, 2019· The panel trustee or bankruptcy trustee essentially administers a Chapter 7 bankruptcy case. The trustee reviews the bankruptcy petition and documents filed by a debtor for accuracy and to detect any possible fraud. A further important duty of the bankruptcy trustee is to collect any nonexempt assets of the debtor for distribution to creditors.
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A bankruptcy car loan is a good way to help your credit recover once you've received a discharge from a Chapter 7 or Chapter 13. The process of getting a car loan following a discharged bankruptcy is fairly simple. Like with any other bad credit auto financing, you need to meet the lender's requirements to qualify. Besides meeting the income ...
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Bankruptcy is a generalized term for a federal court procedure that helps consumers and businesses get rid of their debts and repay their creditors. If you can prove that you are entitled to it, the bankruptcy court will protect you during your bankruptcy proceeding.
The United States Court of Appeals for the Fourth Circuit is considering the reappointment of Bankruptcy Judge Robert A. Gordon to a new 14year term of office. Members of the bar and concerned citizens are invited to comment on whether the incumbent bankruptcy judge should be reappointed.
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