Court’s filing fees for bankruptcy cases due to increase on June 1st, 2014
The judiciary periodically adjusts court fees for filing new bankruptcy cases. As operational costs increase and courts’ budget becomes tighter, it’s no wonder that the adjustments have been increases in the filing fees charged by the courts. ~~~~~~~~~~~~~~~~~~~~~~~~~ Current Chapter 7 court’s filing fee = $306 For cases filed on …
21 things NOT to do at the 341 Meeting of Creditors
If you file a bankruptcy petition, you will normally be required to attend one court meeting, called 341 Meeting of Creditors. This meeting is a very important step to getting your debts discharged. 341 Meeting is brief and fairly informal, and usually boils down to answering some standard straightforward questions posed by …
Will the bankruptcy trustee watch your YouTube videos and check out your Facebook posts?
Maybe. The bankruptcy trustee‘s job is to make sure that he examines your financial situation carefully to see if your creditors should be paid – and if yes, how much. The trustee will prepare a report with his recommendations and give it to the judge. In most cases, the judge …
Do you have to go to court and see the judge if you file bankruptcy?
Usually, no. In most cases, the only court meeting you have to attend is the Meeting of Creditors, which is conducted by the bankruptcy trustee. The judge is not present, and the meeting is normally held in a conference room in a federal building, not a courtroom. Your bankruptcy attorney …
Can the court deny your bankruptcy petition?
The short answer is “yes.” Many bankruptcy cases are closed without discharge. Here are the common reasons: – not all of required paperwork was submitted to the court or the trustee – paperwork was submitted, but was not prepared correctly – paperwork was submitted untimely, past the applicable deadlines – …
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