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Michigan Trustee's Report of Undisclosed Asset

Michigan Trustee's Report of Undisclosed Asset

Category:

Bankruptcy - Official - Eastern District

State:

Michigan

Control #:

MI-BKR-539E

Format:

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Description

Trustee's Report of Undisclosed Asset
Michigan Trustee's Report of Undisclosed Asset is a document that is filed by a Michigan Trustee, such as a bank or other financial institution, to report any assets and income that have not been disclosed to the trust. This report is used to ensure that the trust is properly funded and managed and that all assets and income are properly reported to the trust for taxation purposes. There are three types of Michigan Trustee's Report of Undisclosed Asset: Report of Asset Disbursement, Report of Asset Acquisition, and Report of Asset Transfer. The Report of Asset Disbursement states the assets and income that have been dispersed from the trust. The Report of Asset Acquisition states the assets and income that have been added to the trust. The Report of Asset Transfer states the assets and income that have been transferred to another person or entity.

Michigan Trustee's Report of Undisclosed Asset is a document that is filed by a Michigan Trustee, such as a bank or other financial institution, to report any assets and income that have not been disclosed to the trust. This report is used to ensure that the trust is properly funded and managed and that all assets and income are properly reported to the trust for taxation purposes. There are three types of Michigan Trustee's Report of Undisclosed Asset: Report of Asset Disbursement, Report of Asset Acquisition, and Report of Asset Transfer. The Report of Asset Disbursement states the assets and income that have been dispersed from the trust. The Report of Asset Acquisition states the assets and income that have been added to the trust. The Report of Asset Transfer states the assets and income that have been transferred to another person or entity.

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Trustee's Report of Undisclosed Asset. Category: Chapter 7.Pursuant to E.D. Mich. Undisclosed assets remain property of the bankruptcy estate despite the closing of the case. To document their administration of cases, private trustees file "final reports" with the bankruptcy courts and submit them to the U.S. Trustees. Full text of In re Laroche, 409 B.R. 862 (2009) from the Caselaw Access Project. N most bankruptcies, there is little cash to go around, so trustees and creditors are always on the lookout for additional assets. Mohammed obtained her discharge in September, 2013, and the trustee issued his report of no distribution. Full text of In re Laroche, 409 B.R. 862 (2009) from the Caselaw Access Project. 2 – The case would close as usual, unless the trustee withdraws the no-asset report.

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