Who Receives the Money Held By The Trustee When a Case is Dismissed? Unfortunately, some Chapter 13 Bankruptcy cases are dismissed after they are confirmed/approved. This could be for various reasons, e.g. Debtor did not pay the Trustee Fees. The Trustee holds moneys he/she receives to pay creditors in a separate account earmarked for Creditor […]
Background: Husband and Wife had a joint account with a limited credit line. Bank made error and increased the allowable credit limit to $100,000. Wife took full advantage of the situation and began to go on a spending spree; charging in excess of $80,000. Husband had no knowledge of the situation at the time. […]
When you are a tenant, you are responsible for damages to the property. Normal wear and tear is allowable. However, if your children break windows, graffiti the walls, etc., that is not normal wear and tear. Parents are responsible for damages caused by their children. Bankruptcy may not be the answer to discharge these debts. […]
Net worth according to Court papers was $50,000 as of June 2017. Livan is a two-time MLB All Star pitcher. Earned more than $53 million in his 15-year career. Primary debts: IOU’s to businesses /credit card companies. Back taxes to the IRS Local businessman who lent Hernandez $220,00 in 2013 but hasn’t paid back From $53 […]
