Timing: Avoiding Very Troublesome “Preference” Payments
Sometimes in bankruptcy doing the honestly right thing can cause you major problems. Making preference payments is a good example of this.
The Chapter 13 Trustee
The Chapter 13 trustee is an important player in your "adjustment of debts" case so it helps to know how to deal with him or her.
Example of a Simple Chapter 7 “Asset Case”
Chapter 7 "asset" cases may sound scary. They needn't be. We walk you through a very straightforward example to demystify this.
When a Chapter 7 Trustee Doesn’t Liquidate Non-Exempt Property
Just because you own something that isn't exempt does not necessarily mean that your Chapter 7 trustee will liquidate it. Maybe not.
The Trustee in a Consumer Chapter 7 Case
Besides your creditors, the main person you need to be careful about in a "straight bankruptcy" Chapter 7 case is the trustee. Who's that?
The Practicalities of “Preferences”
Preferences can be dangerous but can also present potential opportunities. So although not all that common, they're worth knowing about.
Adversary Proceedings by the Trustee
Usually it's not hard to avoid getting into a dispute with your trustee. But you need to know the law and follow it.
The Bankruptcy Judge, U.S. Trustee, and Chapter 7 and 13 Trustees
Your bankruptcy case makes more sense if you know the roles of the people involved, including the judge and the various trustees.
Recovered Assets from “Fraudulent Transfers”
Which assets that you sell or give away before filing bankruptcy will be a problem, and which won't?
Mistakes to Avoid: Paying a Favored Creditor Before Filing Bankruptcy
Doing what you believe is the right thing can backfire, if you pay a special creditor before you file bankruptcy.
Crucial Question: Is It OK to Pay a Special Creditor Before Filing Bankruptcy to Keep It Out of the Bankruptcy Case?
Not a good idea. If you do your friendly creditor may have to turn over to the trustee whatever you paid it. So it wonât be so friendly.
The Trustee in Chapter 13
In Chapter 13 the trustee is a gate-keeper, overseer, and payment distributor. Quite different than in Chapter 7.