Guam Final Decree - B 271

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US-B-271
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Description

This form is a final decree. The form must be completed and signed by the clerk of the bankruptcy court.

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FAQ

When you file for bankruptcy, you must be honest in your bankruptcy papers, follow all federal and local rules, and attend all mandatory hearings. If you commit fraud or fail to comply with any laws or local rules, the bankruptcy court can dismiss your bankruptcy case.

In short, the entry of a final decree is meant to close a bankruptcy case. Chapter 11, Rule 3022 of the Bankruptcy Code provides that immediately after the full administration of the real property, the debtor-in-possession of the property must file a final report and motion for final decree.

The discharge means your debts are wiped out, but the case is officially closed once you receive your final decree. You typically receive that within a couple of weeks of your discharge.

If your case is dismissed, you are entitled to a refund of any money that is still in the trustee's possession. However, the trustee has to get approval from the court to send the money back to you, and they are allowed to take their administrative fees out of that money before refunding it.

Your Chapter 13 bankruptcy case officially ends when the court issues a final decree. This is different from the discharge order, which erases qualifying debts but does not close the case. The court can close a case without issuing a discharge if the debtor does something wrong or forgets a step in the process.

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Guam Final Decree - B 271