Chapter 13 Trustee Definition

Chapter 13 Trustee - The Chapter 13 Trustee is responsible for receiving funds paid by the Debtor under the Chapter 13 plan of reorganization. The trustee also investigates the Debtor’s finances; objects to claims that do not comply with the law; objects to plans and modifications of plans proposed by the Debtor to the Court [...]

2021-01-13T20:31:19+00:00February 1st, 2014|Chapter 13 Bankruptcy, Glossary|

Chapter 13 Bankruptcy Definition

Chapter 13 Bankruptcy - Chapter 13 is a debt reorganization available for individuals. This is where the debtor proposes a plan of repayment of debt according to the laws and rules that govern Chapter 13's. There is a “debt limit” in a Chapter 13 which is currently over 1 million for secured debt and $336,900 [...]

2021-01-13T20:33:08+00:00February 1st, 2014|Chapter 13 Bankruptcy, Glossary|

Non-Exempt Property

Some people own property that cannot be protected in bankruptcy (non-exempt property). One option for property that is not exempt is the possibility of “buying back” non-exempt property from the trustee in a Chapter 7 bankruptcy. This is where the debtor has exempt funds available that can be used to "bid" on his own [...]

2021-03-03T23:13:15+00:00January 28th, 2014|Chapter 13 Bankruptcy, Chapter 7 Bankruptcy|
Go to Top