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To file chapter 13 bankruptcy you must have a "regular source of income" and have some disposable income to apply towards your Chapter 13 payment plan. Chapter 13 bankruptcy is a reorganization whereas Chapter 7 bankruptcy is a liquidation.
Learn more about Chapter 13 bankruptcy, Chapter 7 bankruptcy, insolvency, debt discharge, debt repayment, and other legal matters at Not every debtor qualifies for Chapter 7. In some cases, repaying debt over time in a court-approved Chapter 13 repayment plan provides benefits that are.
What is mediation? MEDIATION: A voluntary settlement process to help you resolve disputes. Rule 31 also established a new Alternative Dispute Resolution Commission that spent over a year devising a way that ADR neutrals could be trained and approved for use by the courts.
Offical court forms approved by the Judicial Conference of theUnited States for use in all District Court/Bankruptcy Courts. The Official Bankruptcy Forms are posted to publicize the content and format of the forms and may be used by the public in bankruptcy cases. Warning for electronic filers.
The bankruptcy court did approve severance payments for two former employees let go after Tribune filed for Chapter 11. Tribune had argued that it needed to pay the bonuses so that it could retain and motivate essential management during a difficult economic environment.
A bankruptcy court isn’t like other courts-you might never set foot in a courtroom. Learn why. By Carron Nicks. It’s not surprising that many Confirmation of your Chapter 13 plan. The bankruptcy judge must approve any repayment plan you propose. If the plan is in order, the judge will approve it.
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According to the United States Court, 767,721 individuals filed for bankruptcy in 2017 – almost 62% of these were Chapter 7 filings. Through a Chapter 11 bankruptcy, the company will come up with a plan to deal with its creditors. This plan is subject to approval by the bankruptcy court.