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What happens if the employer doesn't make the payment to the bankruptcy trustee on time?
Wiki User
∙ 17y ago
The Trustee must take actions to assure the process is adhered properly followed. The court could impose penalties, especially if the failure to respond results in a loss or is irresponsible.
Wiki User
∙ 17y ago
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If you did not make your first monthly payment to the bankruptcy trustee what will happen?
In some cases the trustee will allow a thirty day grace period for the missed payment. Pertaining to a first installment immediate action to dismiss the 13 might be taken. It is for the most part at the discretion of the bankruptcy trustee, missing any payment is reason for dismissal with prejudice.
What can a trustee take during chapter 13 bankruptcy?
Money for your plan payment, tax refunds.
what happens when a truste appose your bankruptcy?
If a trustee opposes your bankruptcy, it means that they do not believe you should be granted discharge of your debts and, as a result, you might not be able to go bankrupt, if the trustee's position prevails.
After Bankruptcy discharge you were named as a beneficiary to a life insurance annuity but you deferred payment for 5 years Do you have to tell the trustee about this?
yes
How do you compel a BK trustee to take a full cash payment and discharge the BK?
You can compel the BK trustee to take full cash payment and discharge the bankruptcy by going to his/her office in person or setting a court date. Your attorney can advise you the best path to take.
Will your bankruptcy be dismissed if your chapter 13 payment is 30 days delinquent?
Possible, or the trustee may allow you some time to catch up.
What type of attorney protects creditors when there is a bankruptcy?
Bankruptcy trustee.
Will my employer know that I filed bankruptcy?
For chapter 7 BKs, it is unlikely. However, for chapter 13 Bks, most trustees dont want to rely on you sending a check every month, so they will usually have your employer automatically deduct your plan payment from your paycheck and have that money sent to the U.S. Trustee directly. If this is the case then yes, someone within your employer would know you have declared BK.
What happening to you if the court reopen your bankruptcy case?
Motions to reopen bankruptcy cases shall be accompanied with the payment of any prescribed filing fees. Payment of the filing fee to reopen a bankruptcy case filed by the trustee due to the discovery of additional assets in the estate shall be payable at the time the motion to reopen is filed.
Can you make a partial payment to the chapter 13 trustee?
You should check with your c 13 trustee. In general you can make a partial payment, but if the next payment is also a partial payment, or if you do not make up the difference, the trustee will file a motion to dismiss your case. It is always a good idea to let the trustee's office know your next payment will be short and why, and when you expect to get caught up. If you will not be able to continue the c. 13 payments as set forth in the plan, you may be able to end your c. 13 early or convert to a c 7. Consult your bankruptcy lawyer.
What happens if you miss your meeting of creditors in a California Chapter 7 bankruptcy?
You will probably receive one more chance. You need to have your lawyer contact the bankruptcy trustee and see if it can be rescheduled.
If you have a chapter 7 discharged and then something happens with your home can you open a chapter 13 to save your house then you change your mind and the chapter 13 is dismissed what does thi?
What happens if you have paid all fees for a chapter 7 bankruptcy and your trustee tells you to turn over your income tax check and you don't because you are laid off and you are using the income tax check to pay bills and medical expenses and the trustee has threaten to revoke your bankruptcy due to non payment of your income tax check
