PPT-Bankruptcy Procedures and Outcomes

by Nick Sushkov Questions to Generate Discussion What is bankruptcy Bankruptcy is a federal court process that can help one eliminate legal responsibility for many of ones debts or repay them over time under the protection of the bankruptcy court. http://www.solomonlawyer.com | Robert Solomon will provide you with the best bankruptcy filing help available. He has been noted as being the best bankruptcy attorney in Long Island and New York. If you need bankruptcy help your search is over. 3 When will I be discharged 3 How do I get my discharge 4 What is the effect of the discharge or A bankruptcy case concerning the debtors list ed below was originally filed under chapteron date and was converted to a case under chapter 11 ondate You may be a creditor of the debtor This notice lists im portant deadlines You may want to consu VOCAB. . Bankrupt. – a person or company with insufficient assets to cover their debt. Bankruptcy . – a state of being legally released from the obligation to repay some or all debt in exchange for the forced loss of certain assets. A court’s determination of personal bankruptcy remains in a consumer’s credit record for 10 years.. HISTORY OF BANKRUPTCY ACT 1967. The . Bankruptcy . Act 1967 is a derivative of two old . English statutes, . each bearing the same name: . The . Bankruptcy Act . 1883; . and . T. he . Bankruptcy Act 1912. . BIJAN BIDABAD. WSEAS Post Doctorate Researcher. No. 2, 12th St., . Mahestan. Ave., . Shahrak. . Gharb. , Tehran, 14658 . IRAN. bijan@bidabad.com. . http://www.bidabad.com/.  . NIKOS MASTORAKIS. Enforcement . Agents’ Legal Service Extension and Introduction to the Market. . Report . for.  . the . 22nd International Congress of the UIHJ “The Judicial Officer, Link between Law and . Economy. OCAPL, Monday, Nov. 2, 2015 . Melissa R. Gardner. Attorney. Phillips . Murrah. , PC. mrgardner@phillipsmurrah.com. Types of Bankruptcy. Chapter 7. Chapter 11. Trustee appointed to replace management in. Mortgage Deficiency Basics . Chapter 7 and Chapter 13. What is bankruptcy?. Federal court process by which a debtor can discharge or reorganize their debts. . Intended to provide the honest but unfortunate debtor with a “fresh start.”. : . Introduction, History. © Charles Tabb 2010. Front-Page News. Scandal. $600 Billion. Charles . Ponzi. Famous Bankrupts. Filings quadrupled. Filings Return post-BAPCPA. Which chapters?. Business or consumer?. 1. Agenda. Economic rationale behind instituting a bankruptcy regime. Institutional architecture of Insolvency and Bankruptcy Code (IBC), 2016. Role of IBBI under IBC, 2016. Progress made so far. Things to look forward to in future. Procedures and Outcomes. by. Nick . Sushkov. . Questions to Generate Discussion. . What is bankruptcy?. Bankruptcy is a federal court process that can help one eliminate legal responsibility for many of one’s debts or repay them over time under the protection of the bankruptcy court.. Dollars and Sense. Copyright © Texas Education Agency, 2014. All rights reserved.  . 3. If your loans are continuously delinquent (overdue and not being paid), your lender will say that you have defaulted.. The Bankruptcy Code defines “consumer debt” as debt incurred by an individual primarily for a personal, family, or household purpose. 11 . U.S.C. . § 101(8). . Not business debt.. Can be chapter 7, 11, 12, or13 .