The form provides that the debtor is granted discharge under 11 U.S.C. section 1228(a). The form also requires a signature by the bankruptcy judge.
Maine Order Discharging Debtor After Completion of Chapter 12 Plan - updated 2005 Act form
Category:
State:
Multi-State
Control #:
US-B-18F
Format:
Word;
PDF;
Rich Text
Instant download
This website is not affiliated with any governmental entity
Public form
Description
How to fill out Order Discharging Debtor After Completion Of Chapter 12 Plan - Updated 2005 Act Form?
Have you been within a place in which you require files for either business or person functions nearly every time? There are a variety of authorized file templates available on the net, but discovering kinds you can trust isn`t easy. US Legal Forms gives thousands of develop templates, much like the Maine Order Discharging Debtor After Completion of Chapter 12 Plan - updated 2005 Act form, which can be composed in order to meet federal and state demands.
Should you be already familiar with US Legal Forms web site and possess a free account, just log in. Next, you are able to down load the Maine Order Discharging Debtor After Completion of Chapter 12 Plan - updated 2005 Act form web template.
Unless you offer an profile and want to begin using US Legal Forms, adopt these measures:
- Find the develop you want and ensure it is for the proper area/county.
- Take advantage of the Preview option to examine the shape.
- Look at the outline to actually have chosen the right develop.
- In the event the develop isn`t what you`re seeking, utilize the Lookup area to find the develop that meets your needs and demands.
- When you find the proper develop, click Buy now.
- Select the costs strategy you desire, complete the necessary information to make your account, and pay money for your order utilizing your PayPal or credit card.
- Select a convenient data file formatting and down load your copy.
Get all the file templates you possess purchased in the My Forms menu. You can get a extra copy of Maine Order Discharging Debtor After Completion of Chapter 12 Plan - updated 2005 Act form anytime, if needed. Just select the needed develop to down load or print out the file web template.
Use US Legal Forms, one of the most comprehensive assortment of authorized types, to save lots of time and prevent mistakes. The service gives skillfully created authorized file templates that can be used for a range of functions. Make a free account on US Legal Forms and start producing your lifestyle a little easier.
Form popularity
FAQ
Instead, the bankruptcy trustee gathers and sells the debtor's nonexempt assets and uses the proceeds of such assets to pay holders of claims (creditors) in ance with the provisions of the Bankruptcy Code.
The bankruptcy trustee has as long as he needs to evaluate and recover assets for the benefit of creditors. What he is tasked to do has little to do with the discharge, and lots to do with gathering funds from which he and creditors can be paid.
What is a discharge in bankruptcy? A bankruptcy discharge releases the debtor from personal liability for certain specified types of debts. In other words, the debtor is no longer legally required to pay any debts that are discharged.
A trustee is appointed to take control of certain assets of the debtor, bring these assets into the estate, and sell or distribute these assets for the benefit of creditors. Some assets will remain with the debtor if these assets are determined to be exempt from distribution to creditors.
Courts can issue a discharge ruling when the debtor meets the discharge requirements under Chapter 7 or Chapter 11 of federal bankruptcy law, or the ruling is based on a debt canceling. A canceling of debt happens when the lender agrees that the rest of the debt is forgiven.
What happens when a creditor files an objection? A creditor's objection does not automatically prevent a discharge of debt. The debtor gets a chance to file an answer to the objection, and the court may hold a hearing to decide the issue. This is called an adversary proceeding, and it works much like any other lawsuit.
Chapter 7, entitled Liquidation, contemplates an orderly, court-supervised procedure by which a trustee takes over the assets of the debtor's estate, reduces them to cash, and makes distributions to creditors, subject to the debtor's right to retain certain exempt property and the rights of secured creditors.
Non-exempt Property. Anything that isn't protected in bankruptcy is considered non-exempt and, in Chapter 7, can be sold by the trustee to pay off creditors.