Attorneys, 13–14
Automatic stay
co-debtors, 16
existing mortgage/car payment, 15–16
lawsuits, 16
post-filing debt, 16
Bankruptcy
BAPCPA, 2
Chapter 7, 1
Chapter 13, 1
City of Detroit, 69
discharge, 68
dismissal, effects of, 67
federal court system, 1
judge, 4–5
licensing and valuation, 65
people and entities, 1
rule for creditors, 2
trustee, 3–4
Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), 2
Bankruptcy Code, 23, 49
BAPCPA. See Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
Chapter 7, 1, 64, 68
bankruptcy petition, 7
disposing of assets, 8–10
341 Meeting of Creditors, 7–8
Notice of Bankruptcy form, 7
Petition and Schedules, 7
unsecured creditor, 17–18
Chapter 9, 69
Chapter 11, 69–70
Chapter 12, 70
Chapter 13, 1, 13, 64, 68
confirmation, 11
debtor’s plan of reorganization. See Debtor’s plan of reorganization
filing and 341 hearing, 10
term of the plan and discharge, 11–12
unsecured creditor, 18
Chapter 15, 70
City of Detroit, 69
Co-debtors, 16, 47
Community associations, 64
Consumer debt, 26
Consumer lenders, 62
Creditors
attorneys, 13–14
and debtors, 3
341 Meeting of Creditors, 4
Creditor’s Proof of Claim
creditor and contact
information, 59
security agreement, 60
Debtor’s businesses, 30
Debtor’s liability, 29
Debtor’s monthly living
expense, 48
Debtor’s plan of reorganization
attorney’s fee, 53
monthly plan payment, 53
personal property, 55
pre-confirmation payment, 54
provisions, 57
real property, 56
taxes, 54
unsecured claim, 56
Exempt property vs. total value of property, 42
Federal court system, 1
Fraudulent transfer, 27
Landlords and tenants, 62–63
Lawsuits, 16
341 Meeting of Creditors, 4
Monthly plan payment, 53
Mortgage lenders, 63
Nonconsumer debt, 26
Notice of Bankruptcy, 19
Notice of Bankruptcy form, 7
Personal property, 55
Petition and Schedules
accounts, 38
automatic stay, 21
Bankruptcy Code, 23, 49
chapter of bankruptcy, 20
co-debtor, 47
consumer and nonconsumer
debts, 26
creditors’ attorneys, 22
debtor’s businesses, 30
debtor’s liability, 29
debtor’s monthly living
expense, 48
disclosure, 50
exempt property vs. total value
of property, 42
financial management and counseling court, 24
fraudulent transfer, 27
income and unsecured debt, 35
inventory, 31
mailing list of creditor, 51
missing assets, 34
Notice of Bankruptcy, 19
partners, officers, and shareholder, 32
penalty of perjury, 33
pending lawsuits, 26
personal and real property exemptions, 41
personal property, 37, 40
pre-bankruptcy distribution of funds, 28
priority claims, 44
receivership and assignment of property, 27
secured claims and personal property, 43
Skeleton Petition, 20
Statement of Financial Affair, 25
unsecured creditors, 20
unsecured, nonpriority claims, 45
unsecured priority claim, 44
value of the property, 36
Post-bankruptcy, 67–68
Pre-confirmation payment, 54
Proof of Claim, 13, 58
Rule for creditors, 2
Section 341 Hearing, 18
Skeleton Petition, 20
Statement of Financial Affair, 25
Taxes, 54
Trustee, 3–4
Unsecured creditor
Chapter 7, 17–18
Chapter 13, 18
Unsecured nonpriority claims, 45
Unsecured priority claims, 44
Value of the property, 36
Venders and suppliers, 61–62
Written agreements, 61