Show:
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 mortgage naked
What is stripping the second lien?
100
Clients may have trouble passing this 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 motion.
200
Forcing a secured creditor to take different terms than 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
Getting that adversary proceeding out of bankruptcy court
What withdrawal of the reference to District Court?
200
Continuing collection efforts against Debtor after case is filed in State Court because you do not want to get involved in the bankruptcy or taking any action whatsoever related to the Debtor's property rights
What is violation of the automatic stay subject to sanctions?
300
This chapter 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 dismissal of the case?
300
Emails from the Clerk of Court
ECF Filings
300
Communicating directly 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 debtor 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, concern about non-discharge isses, creditor attackes and rushing to call Trustee/U.S. Trustee and amending schedules?
400
Debtors chapter 7 from January until April if they want to keep this
What is keeping his/her tax refund?
400
How creditors can "appoint" a Chapter 7 Trustee to a case
What is elect a Trustee at the 341 meeting?
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 Bankruptcy Court can 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 can demand the Debtor turnover the Rolex or 2 caret diamond ring not listed on the Schedules
Who is the Chapter 7 Trustee?
500
The people who will hunt down all inconsistent information, everything not listed on the Schedules, attend hearings and aggressively pursue the debtor and help the trustee recover assets
What is a creditor owed a lot of money or who feels swindled by debtor?