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In most Chapter 7 bankruptcy cases, creditor objections are uncommon. ing to the U.S. Courts, the majority of Chapter 7 cases are classified as “no-asset” cases, where the debtor has no property that creditors can claim for repayment.

If you file for either Chapter 7 or Chapter 13 bankruptcy, a number of forms will be filed with the court, including a complete list of all creditors. Shortly after the filing, the U.S. Bankruptcy Clerk's Office sends to the creditors an official notification of the bankruptcy.

Comparing Income: The means test compares your average monthly income over the past six months to the median income for a household of your size in Oregon. Deducting Expenses: Certain expenses, like rent, food, and transportation, are deducted from your income to calculate your disposable income.

Under Federal Rules of Bankruptcy Procedure Rule 4004, a trustee or creditors have sixty (60) days after the first date set for the 341(a) Meeting of Creditors to file a complaint objecting to discharge.

Common reasons for objections are these: The plan is not feasible — Here, the numbers don't add up. The debtor doesn't have sufficient income to make good on the promises to the creditors. In some cases, a creditor might assert that the plan has been offered in bad faith.

Most bankruptcy cases pass through the bankruptcy process with little objection by creditors. Because the bankruptcy system is encoded into U.S. law and companies can prepare for some debts to discharge through it, creditors usually accept discharge and generally have little standing to contest it.

An objection to discharge is a notice lodged with the Official Receiver by a trustee to induce a bankrupt to comply with their obligations.

No one can legally remove accurate information about bankruptcy from their credit report. However, under the Fair Credit Reporting Act, you can file a dispute with the credit bureau if the information on your report is inaccurate or incomplete.

The cost to file bankruptcy in Oregon is $338 for a Chapter 7 bankruptcy and $313 for a Chapter 13 bankruptcy based on that US bankruptcy court fee schedule.