.jpg)
Administering Assets
The court won't issue a discharge until the trustee reports the debtor has cooperated in the case and is entitled to a discharge. Since your client stole from the estate, the trustee won't make that recommendation to the court until the money is paid back to the estate.
d
________________________________
To: cdcbaa@yahoogroups.com
Sent: Monday, July 2, 2012 10:50 AM
Subject: [cdcbaa] Re: Administering Assets
But does the Trustee have to keep the discharge open as well?
Gerry
Gerald McNally
McNally & Associates, P.C.
517 East Wilson Ave., Ste 104
Glendale, CA 91206
818.507.5100
Fax: 818.507.5001
Notice to Recipient: This email is meant for only the intended recipient of the transmission and may be a communication privileged by law. If you received this email in error, and review, use, dissemination, distribution or copying of this email is strictly prohibited. Please notify us immediately of the error by return email and please delete this message and any and all duplicates of this message from your system. Thank you in advance for your cooperation.
IRS Circular 230 Disclosure: In order to comply with the requirements imposed by the Internal Revenue Service, we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.
The post was migrated from Yahoo.
But does the Trustee have to keep the discharge open as well?
Gerry
McNally Bus Card Smaller
Gerald McNally
McNally & Associates, P.C.
517 East Wilson Ave., Ste 104
Glendale, CA 91206
818.507.5100
Fax: 818.507.5001
Notice to Recipient: This email is meant for only the intended
recipient of the transmission and may be a communication privileged by
law. If you received this email in error, and review, use,
dissemination, distribution or copying of this email is strictly
prohibited. Please notify us immediately of the error by return email
and please delete this message and any and all duplicates of this
message from your system. Thank you in advance for your cooperation.
IRS Circular 230 Disclosure: In order to comply with the requirements
imposed by the Internal Revenue Service, we inform you that any U.S.
tax advice contained in this communication (including any attachments)
is not intended to be used, and cannot be used, for the purpose of (i)
avoiding penalties under the Internal Revenue code or (ii) promoting,
marketing or recommending to another party any transaction or matter
addressed herein.
The post was migrated from Yahoo.
Trustee will keep case open to collect note. Once collected, trustee will file a final report and, after the report is approved (could be a year) make a distribution. It will be a long while until the case is closed.
d
________________________________
To: cdcbaa@yahoogroups.com
Sent: Friday, June 29, 2012 7:43 PM
Subject: [cdcbaa] Administering Assets
Dear Listmates,
Client (against my advice) spent money from an asset he knew hed be giving to the Trustee. So the trustee gets him to sign a promissory note, on which hes been paying faithfully.
Butthe Ch7 trustee has kept his case open.
Is it because it escaped his attention? Or because he wants to keep the case open until the promissory note is fully paid (April next year)?
I cant find anything on this subject in the Rutter Guide.
Gerald McNally
Gerald McNally
McNally & Associates, P.C.
517 East Wilson Ave., Ste 104
Glendale, CA 91206
818.507.5100
Fax: 818.507.5001
Notice to Recipient: This email is meant for only the intended recipient of the transmission and may be a communication privileged by law. If you received this email in error, and review, use, dissemination, distribution or copying of this email is strictly prohibited. Please notify us immediately of the error by return email and please delete this message and any and all duplicates of this message from your system. Thank you in advance for your cooperation.
IRS Circular 230 Disclosure: In order to comply with the requirements imposed by the Internal Revenue Service, we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.
The post was migrated from Yahoo.
Dear Listmates,
Client (against my advice) spent money from an asset he knew he'd be
giving to the Trustee. So the trustee gets him to sign a promissory
note, on which he's been paying faithfully.
But.the Ch7 trustee has kept his case open.
Is it because it escaped his attention? Or because he wants to keep
the case open until the promissory note is fully paid (April next
year)?
I can't find anything on this subject in the Rutter Guide.
Gerald McNally
McNally Bus Card Smaller
Gerald McNally
McNally & Associates, P.C.
517 East Wilson Ave., Ste 104
Glendale, CA 91206
818.507.5100
Fax: 818.507.5001
Notice to Recipient: This email is meant for only the intended
recipient of the transmission and may be a communication privileged by
law. If you received this email in error, and review, use,
dissemination, distribution or copying of this email is strictly
prohibited. Please notify us immediately of the error by return email
and please delete this message and any and all duplicates of this
message from your system. Thank you in advance for your cooperation.
IRS Circular 230 Disclosure: In order to comply with the requirements
imposed by the Internal Revenue Service, we inform you that any U.S.
tax advice contained in this communication (including any attachments)
is not intended to be used, and cannot be used, for the purpose of (i)
avoiding penalties under the Internal Revenue code or (ii) promoting,
marketing or recommending to another party any transaction or matter
addressed herein.
The post was migrated from Yahoo.