0
Why are your chapter 13 checks written out to the trustee personally?
Nacho48
When it pertains to a chapter 13, the trustee receives the payment amount stipulated in the approved BK, and disburses the funds in accordance to debt priority. Chapter 13's are more expensive than "7's" because of the additional work involved in the payment and accounting of debts.
Wiki User
∙ 18y ago
Add your answer:
Earn +20 pts
What checks can be deposited into an estate bank account?
Checks made payable to the Estate, or to the Trustee of the Estate in their capacity as Trustee, and/or to the individual for whom the Estate is named.
What if I did not sign the tax refund checks that I gave to the trustee?
Verify that they were actually deposited. For me, I would make copies of the signed checks before handing them over to anyone. Hopefully the trustee will send you both the copies of the checks and a copy of the deposit receipt.
In a Chapter 13 bankruptcy do I tell the Trustee about 1800.00 in bad checks written to a casino before signing the petition?
have to list ALL debts and ALL assets...you do not have any choice or pick and chose. Not doing sp can cause dismissal, and even contempt or fraud charges as you swear in your petition to the court that you have revealed you entire financial situation.. You should talk to your bankruptcy attorney about it.
Can a successor trustee close a trust checking account when there are outstanding checks that havent been cashed?
No. No one can close a bank account when there are outstanding checks that must be paid to the bearer.
Can you file Chapter 7 bankruptcy on bounced checks?
No, you cannot.
Checks should always be written with?
Checks should always be written in pen.
How many checks were written in the US in 2008?
over 70 billion checks were written in 2008
My father passed away years ago, but we never transferred assets out of his account or closed his trust. What must I do to close the trust after I transfer the funds out of it?
If you or your lawyer is the trustee, then you need to get the trust account banker to close the account, obtain written confirmation that it has been closed, and then destroy all associated checks after transferring the money. If someone else is the trustee, it will be up to them to close it.
What should checks always be written in?
Checks should always be written in ink; preferrably blue ink.
Who can cash child support checks?
The person to whom the checks are written.
Can a trustee cash a check for an irrevocable trust?
Generally, yes. Cashing checks would be among the usual duties of the trustee. Remember that the trustee is the person appointed to act on behalf of a trust. A trust is a legal relationship created on paper and it needs a person to do the legwork. Trustees have all the powers set forth in the document that created the trust.
What has the author Antonio V Viray written?
Antonio V. Viray has written: 'Checks' -- subject(s): Checks
