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Even if you didn't have to pretty much do whatever the trustee deems, you know...I'd almost want to know why you wouldn't WANT to?
Its used to PAY YOUR DEBTS...that's what these monies need to be used for. That's what you should want to do. (What else do you think you should be allowed to do with them). Pay everyone who you swore you would, who supported and believed in you when you needed for them to give you some type of credit...and then failed miserably and hurt them by not doing what you promised.
By being a bankrupt, you've proven and agreed your incapable of handling financial things...your basically in a course where you supposed to learn how. In this case, it may start with having at least a speck of honor and wanting to make things right.
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If you get a small amount of life insurance but need it for funeral expenses will it hurt your chances of discharging a Chapter 7?
Most life insurance benefits are exempt from bankruptcy. Contact the trustee or the attorney who handled the bankruptcy to find out what applies in this situation.
Can you lease a car in chapter 13 bankruptcy without getting permission from the trustee?
You will need permission from the trustee before doing anything financial while in chapter 13 bankruptcy. You will have already signed paperwork agreeing to full disclosure with your trustee when you filed.
Chapter 13 bankruptcy be dissimisal?
You can get a Chapter 13 bankruptcy dismissal by asking your lawyer to ask the trustee for a dismissal. If you are having trouble making the payments, you can ask for you bankruptcy to be modified.
How can you find out the status of a chapter 7 bankruptcy?
Contact the trustee who is in charge of the case.
Can you refinance during chapter 13?
While participating in a Chapter 13 bankruptcy, no major financial transactions are allowed w/o the permisson of the bankruptcy trustee.
Do you have to get permission from the bankruptcy trustee to finance another car?
If you are in a Chapter 13, then you must get approval from the trustee if you wish to incur more debt.
How do you buy a house while in a chapter 13 bankruptcy?
The chapter 13 petitioner/participant must receive the approval of the bankruptcy trustee for all major financial transactions.
How long do it takes for a trustee to refund your tax refund after canceling chapter 13 bankruptcy?
60days
What can a trustee take during chapter 13 bankruptcy?
Money for your plan payment, tax refunds.
What is a Chapter 13 trustee used for?
Chapter 13 trustee is an entity, generally an individual, with the responsibility of managing a chapter 13 bankruptcy estate. The Chapter 13 receives the debtor's monthly payments and then distributes those funds proportionally to the debtor's creditors.
Your personal bankruptcy was filed in 2000 can your name be added to a CD account?
If your bankruptcy was "discharged" in 2000, then yes. Discharged means it is done! If you are still in a chapter 13 bankruptcy, still paying the trustee--then no. If the trustee finds out about the CD, it will cause lot of problems.
Why can a trustee take your income tax return if you are filing a chapter 7 bankruptcy which relieves you of your debt and does the trustee give the money to the creditors?
The trustee may take the refund and distribute it to creditors because a tax refund is not considered an exempted asset under bankruptcy laws.
