When would a dismissal of a Chapter 7 petition be likely?

Usually a chapter 7 bankruptcy is dismissed if the client didn't tell the lawyer that they owned something valuable, like a car, house or business.

What is a statement of intention in Chapter 7?

The Statement of Intention for Individuals Filing Under Chapter 7 tells your creditor whether you plan to keep your lease, or if you're buying property, whether you want to surrender it, buy it from the creditor, or pursue other options for keeping it.

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Chapter 7 Individual Debtors Statement of Intention - Form 8 - Post...

Queens New York Chapter 7 Individual Debtors Statement of Intention - Form 8 - Post 2005

Name: Queens New York Chapter 7 Individual Debtors Statement of Intention - Form 8 - Post 2005
Brand: US Legal Forms
Rating: 4.6 (433 reviews)

Category:

Bankruptcy - Chapter 7

State:

Multi-State

County:

Queens

Control #:

US-BKR-F8

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Instant download

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Description

This form is an individual debtor's statement of intention. The document lists: a description of the property; the creditor's name; and property to be retained. The form also contains a certification of a non-attorney bankruptcy petition preparer.

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How to fill out Queens New York Chapter 7 Individual Debtors Statement Of Intention - Form 8 - Post 2005?

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Assuming that everything goes according to schedule, you can expect to receive your bankruptcy discharge (the court order that wipes out your debts) about 60 days after your 341 meeting of creditors hearing, plus a few days for mailing.

Finally, you can state that you intend to retain the property which means you simply remain current on your payments or the creditor can repossess it.

A statement of affairs is a statement which shows assets on one side and the liabilities on the other, just as in case of a balance sheet. It is prepared in single entry system to ascertain the amount of capital. Accountancy.

The statement of financial affairs, or "SOFA," is a required form in a bankruptcy filing. This form delves into all of your personal matters so that the court can fully grasp the financial situation that is causing you to file. You'll fill out the SOFA if you file for a Chapter 7, Chapter 11, or Chapter 13 bankruptcy.

Filing for Chapter 7 bankruptcy eliminates credit card debt, medical bills and unsecured loans; however, there are some debts that cannot be discharged. Those debts include child support, spousal support obligations, student loans, judgments for damages resulting from drunk driving accidents, and most unpaid taxes.

Usually a chapter 7 bankruptcy is dismissed if the client didn't tell the lawyer that they owned something valuable, like a car, house or business.

A statement of affairs is a document created by an insolvency practitioner to sum up the financial situation of a company in a manner intelligble to creditors and shareholders.

Use this form to tell the court about any Social Security or federal Individual Taxpayer Identification numbers you have used. Do not file this form as part of the public case file. This form must be submitted separately and must not be included in the court's public electronic records.

The Statement of Intention for Individuals Filing Under Chapter 7 tells your creditor whether you plan to keep your lease, or if you're buying property, whether you want to surrender it, buy it from the creditor, or pursue other options for keeping it.

What is normally required before a reorganization plan can be implemented? A) The plan must be presented by the company and confirmed by the court. B) The plan must be voted on, and accepted separately by, each class of creditors and each class of stockholders, then confirmed by the court.

Queens New York Chapter 7 Individual Debtors Statement of Intention - Form 8 - Post 2005

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How to fill out Queens New York Chapter 7 Individual Debtors Statement Of Intention - Form 8 - Post 2005?

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