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Discharge Chapter 11 Bankruptcy – In order to discharge a claim in a chapter 11 bankruptcy, the due process clause of the Fifth Amendment requires that all parties in interest are provided with reasonable notice and the opportunity to be heard. As a general proposition, section 1141(d) provides that the order confirming the plan discharges…
The Section 341 Meeting – The debtor must appear and submit to oral examination, under oath, at a meeting of creditors convened (called, brought together and conducted) under section 341 of the Bankruptcy Code. The meeting is convened (called and brought together and conducted) by a trustee appointed by the Office of the United States…
Eases the Burden of Overwhelming Financial Debt with Chapter 13 Bankruptcy The recession has plagued many Americans, and it doesn’t seem like it will be getting better anytime soon. Countless people find themselves either without jobs or with jobs that pay too little, relying on dwindling savings or credit cards to simply pay bills. If…
In a non-small business case the debtor may file a plan along with the petition or at any time File A Bankruptcy Plan. The Bankruptcy Code does not provide a deadline for the plan filing. See ยง1121. In a small business case the plan must be filed within 300 days of the petition filing date….
Wilkes-Barre, PA Debt Relief Attorney Debunks Common Bankruptcy Myth Common Bankruptcy Myth – For so many people hard hit by the economic recession, bankruptcy is one of the only ways they can stay financially afloat. While, for some people, bankruptcy possesses a negative stigma, more people are seeing bankruptcy as a positive process, one that…
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