Sentences with phrase «distribution to creditors»

As discussed in a prior post, you must turn over your Federal tax refunds to the Chapter 13 Trustee for distribution to your creditors.

The process of making distributions to creditors is now finally underway.

It is expected that these decisions will go a long way in drawing the proceeding closer to a final resolution and distributions to creditors on their claims.

A portion of your surplus income needs to be paid to the bankruptcy estate each month for distribution to your creditors.

After your last payment, the Trustee will make a final distribution to your creditors and issue you a Certificate of Full Performance.

To facilitate the sale process and provide for orderly distributions to creditors, Fisker Automotive has voluntarily filed petitions under Chapter 11 of the U.S. Bankruptcy Code.

To the extent that there may be money or property available for distribution to creditors, creditors are ranked to make sure that money or property is fairly distributed according to established rules as to which creditors get what.

In this case they include the fee in the monthly amount you will remit to them for distribution to your creditors.

But the process can be concluded relatively quickly, and any wages and property you acquire after the bankruptcy filing, except inheritances, aren't subject to distribution to your creditors.

The debtor is required to disclose to the court all of his or her property and debts and turn over all nonexempt property to the bankruptcy trustee, who then converts it to cash for distribution to the creditors.

The court denied his request to dismiss the case and ordered the seizure of the undisclosed assets for liquidation and distribution to his creditors.

The claim can be paid through the liquidated proceeds collected for distribution to creditors or through a payment plan approved by the bankruptcy court.

After you file for bankruptcy, most of your assets become property of the estate and subject to sale and distribution to the creditors.

Canada bankruptcy laws require that the filer's assets be surrendered to the bankruptcy estate for liquidation and distribution to the creditors.

However, if the proposal is accepted by the required percentage of the rest of the creditors they can participate in the distribution to creditors.

For example, the Court may require you to make additional payments for distribution to your creditors.

A Panel Trustee is appointed in each Chapter 7 case to review the bankruptcy petition and schedules filed with the Court and to determine if the debtor has any non-exempt assets available for distribution to creditors.

Make your regular (usually monthly) payments to the Licensed Insolvency Trustee, for distribution to your creditors.

In Chapter 13 cases, a portion of the fee is paid up front prior to the filing of the case, with the balance paid out by the bankruptcy trustee from funds that my client pays for distribution to creditors.

So while the husband's other assets were now in the trustee's hands for distribution to his creditors (and were thus no longer available to satisfy the wife's established equalization claim in the usual way), his pension assets remained untouched.

The proceeds of such litigation would constitute trust property in the possession of the Trustee, although not available for distribution to creditors, pursuant to s. 67 (1)(a) of the BIA.