lawyers.com - Untitled 1

Case Closing and Reopening

Case Closing

After an estate is fully administered and the court has discharged the trustee, the court shall close the case. The Rules of Bankruptcy Procedure provide the procedure for case closing. If in a...

Secured Claims and Liens

Secured claims include liens, security interests, security agreements and secured claims. An allowed claim secured by a lien on property in which the estate has an interest, or that is subject to setoff, is a secured claim to the extent of the...

Chapter 12 Discharge

Upon successful completion of all payments under a Chapter 12 plan, the debtor will receive a "discharge," which extinguishes the debtor's obligation to pay any unsecured debts that were included in the plan, even though they may not have been...

Bankruptcy Case Administration

All bankruptcy proceedings are referred to a bankruptcy judge and all related papers, including the original petition, are filed with the Clerk of the Bankruptcy Court. The United States Bankruptcy Court has its own local rules governing...

Compensation for Professionals

The Bankruptcy Code provides the statutory authority for compensating the services and reimbursing the expenses of officers of the estate. These claims are afforded first priority in the distribution of an estate. The Bankruptcy Code prescribes...