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Sample Letter for Discharge of Debtor and Order Approving Trustee's...

Bronx New York Sample Letter for Discharge of Debtor and Order Approving Trustee's Report of No Distribution and Closing Estate

Name: Bronx New York Sample Letter for Discharge of Debtor and Order Approving Trustee's Report of No Distribution and Closing Estate
Brand: US Legal Forms
Rating: 4.74 (384 reviews)

Category:

Letters - Legal - Bankruptcy

State:

Multi-State

County:

Bronx

Control #:

US-0445LTR

Format:

Instant download

Description

This form is a sample letter in Word format covering the subject matter of the title of the form.

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How to fill out Bronx New York Sample Letter For Discharge Of Debtor And Order Approving Trustee's Report Of No Distribution And Closing Estate?

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FAQ

A discharge releases a debtor from personal liability of certain debts known as dischargeable debts, and prevents the creditors owed those debts from taking any action against the debtor or the debtor's property to collect the debts.

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.

When a debt is discharged, the debtor is no longer liable for the debt and the lender is no longer allowed to make attempts to collect the debt. Debt discharge can result in taxable income to the debtor unless certain IRS conditions are met. A debt discharge occurs when a debtor qualifies through bankruptcy court.

Well first, the trustee can apply to the court for his discharged. This means he is no longer administering your bankruptcy. Once this has happened on top of all of the other outstanding duties you will need to pay an additional fee up front to have the trustee reopen the file.

A creditor will usually object to the discharge of its particular debt when fraud or an intentional wrongful act occurs before the bankruptcy case. For instance, examples of nondischargeable debts, if proven, could include: The costs and damages caused by intentional and spiteful conduct.

An individual receives a discharge for most of his or her debts in a chapter 7 bankruptcy case. A creditor may no longer initiate or continue any legal or other action against the debtor to collect a discharged debt.

The Trustee's Report of No Distribution, or NDR, lets the court and all interested parties know that no money will be paid to creditors. If a NDR is filed, the court will close the bankruptcy case shortly after the discharge has been entered.

The discharge order sent by the Clerk's Office will contain a general statement about the categories of debts that are discharged. The individual debts that are discharged will not be listed on the discharge order.

One common ground for denying a discharge is when the debtor with intent to hinder, delay, or defraud a creditor transfers, removes, destroys, mutilates, or conceals property within one year before the date of filing for bankruptcy or any time after the date of filing.

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The trustee's order approved the transfer and assignment of the property of the debtor to the defendant trustee. The debtor could not transfer the real estate to the trustee under the terms of the bankruptcy decree; the trustee had a lien on the property. The trustee attempted to transfer the property to him by a proposed trust, but as the trustee had only one bank account, this trust, if it ever became effective, would effectively bar the debtor and the others from paying their tax responsibilities on the properties. To avoid the practical difficulty of the trust, the trustee appointed defendant as trustee in his place and substituted for trustee the receiver for the defendant, John D. La ski III. The trustee's orders were not approved by the court. The judgment was declared against the trustee, although the trustee did file the papers.

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Bronx New York Sample Letter for Discharge of Debtor and Order Approving Trustee's Report of No Distribution and Closing Estate

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How to fill out Bronx New York Sample Letter For Discharge Of Debtor And Order Approving Trustee's Report Of No Distribution And Closing Estate?

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FAQ

What is debtor letter discharge?

What does debtor discharge mean?

What happens when debt is discharged?

What does trustee discharge mean?

Why would a creditor discharge a debt?

What does it mean when your Chapter 7 is discharged?

What does trustee's report of no distribution mean?

How do I know if a debt has been discharged?

Under what circumstances can a debtor be denied a discharge?

What happens if a debt is discharged?

Interesting Questions

What is a discharge of debtor letter?

When would someone need a discharge of debtor letter?

How can I obtain a discharge of debtor letter in the Bronx?

What is an order approving the trustee's report of no distribution and closing estate?

Who is responsible for preparing the trustee's report of no distribution?

What happens when the trustee's report of no distribution is approved?

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