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Chapter 13 dismissal: where does the money go?
no absolute right to dismissal any more, so expect to have to have a hearing. if there are funds that should go to unsecured creditors, expect trustee to oppose dismissal and recommend conversion.
If dismissal granted, trustee gets a small fee and $ back to debtor (unlikely if there is money for creditors)
If converted, money given to chapter 7 trustee.
d
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On May 8, 2013, at 6:25 AM, Jason Wallach wrote:
> Chapter 13 case in LA, pre-confirmation and debtor is considering dismissal or conversion.
>
>
> Trustee is holding
> 1. proceeds of the sale of the Debtors' homesteaded home last month and
> 2. $2000 of plan payments
>
> If client dismisses the Chapter 13, what does Trustee do with the money in her account?
>
> If client converts to Chapter 7, what does Trustee do with the money in her account?.
>
> Jason Wallach
> jwallach@gladstonemichel.com
>
>
>
>
The post was migrated from Yahoo.
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Chapter 13 case in LA, pre-confirmation and debtor is considering dismissal or conversion.
Trustee is holding
1. proceeds of the sale of the Debtors' homesteaded home last month and
2. $2000 of plan payments
If client dismisses the Chapter 13, what does Trustee do with the money in her account?
If client converts to Chapter 7, what does Trustee do with the money in her account?.
Jason Wallach
jwallach@gladstonemichel.com
charset-ascii
Chapter 13 case in LA, pre-confirmation and debtor is considering dismissal or conversion.Trustee is holding 1. proceeds of the sale of the Debtors' homesteaded home last month and2. $2000 of plan paymentsIf client dismisses the Chapter 13, what does Trustee do with the money in her account?If client converts to Chapter 7, what does Trustee do with the money in her account?.
Jason Wallachjwallach@gladstonemichel.com
The post was migrated from Yahoo.