NUMBER GAMES
SAY WHAT??
CHAPTER 7
Easy Street
The Court
100
Creditors usually do not show up for this meeting, but if they do Debtors beware.
What is a 341 hearing
100
Removing a junior mortgage and leaving the first naked
What is stripping the second lien
100
Our clients have trouble passing the test
What is the means test
100
A balanced budget in Chapter 11 with accurate revenue sources and expense estimates
What is feasibility
100
The terms used for filing bankruptcy records with the Court to make sure it is properly docketed
What is an event code
200
Motion for Relief from Stay
What is a 362.
200
Forcing a secured creditor to take different terms that what is in its contract in a Chapter 11 Plan
What is a cram down
200
The act of changing from a 13 to a 7
What is conversion
200
I am afraid
What is the first response from a client after seeing the Trustee's Chapter 7 questionnaire and preparing for 341 Meeting
200
Continuing collection efforts against Debtor after case is filed in State Court because you do not want to get involved in the bankruptcy
What is violation of the automatic stay subject to sanctions
300
This chaper has a plan for individuals wanting to reorganize that can last 5 years
What is 13
300
A card to be played when you have used all other exemptions
What is a wild card
300
Failing to satisfy the creditor counseling certificate
What is fatal to the case - - dismissal
300
Emails from the Clerk of Court
ECF Filings
300
Communicating with the Judge by sending a letter ratting out the Debtor for hiding assets
What is ex parte communications for which you can be sanctioned
400
A Chapter 7 Trustee will file this motion to settle claims and it is not a settlement until approved by the Court
What is a 9019 Motion
400
The look on your face when you find out after the 341 Meeting that your client netted $90,000.00 in the sale of a home and has no idea how she spent the money
What is the element of surprise, angst, worry and rushing to call Trustee/U.S. Trustee to amend schedules
400
Do not file a chapter 7 from January until April if your client likes this
What is keeping his/her tax refund
400
The internet has all the answers and when they don't the Judge will help me
What is a pro se filer
400
A motion denied even when no one objects
What is objections from Judges who read the pleadings
500
The year BAPCPA was enacted which required all bankruptcy practitioners to learn new rules or change practice areas
What is October 2005
500
The times when the Court will outright reject your motion without any consideration as to the merit of the claims
What is when there is a lack of proper notice
500
Reaching the holy land in a Chapter 7 individual bankruptcy
What is a discharge
500
The person who will tell me to turn over my Rolex or 2 caret diamond ring not listed on my Schedules at the 341 Meeting
What is the Chapter 7 Trustee
500
The people who will hunt down all inconsistent information, everything not listed on the Schedules, attend and aggressively pursue the debtor
What is a creditor who believes the debtor is a bad guy
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