However, if in case you have revenue to pay at least one thing to collectors, then you’ll benefit from the additional benefits provided by Chapter thirteen.

chapter 7 bankruptcy trustee handbook

Find out how Chapter 7 bankruptcy works, whether or not you can move the eligibility “means test,” what happens to your house and car in Chapter 7, which money owed might be discharged by Chapter 7 bankruptcy, and extra. Whereas PG&E has repeatedly promised to pay all hearth victim claims in full, bankruptcy experts say that troubled corporations often discover it tough to take action, and that many victims are left with a lot less than they hoped for. The debtor should pay a court docket payment of $1,045 to Excessive Courtroom and a deposit of $eight,000 to the Official Receiver’s Office.

A person who’s an undischarged bankrupt should not act as director of, or directly or indirectly participate … Read the rest