A Notice of Filing of Final Report of Trustee is a legal document used in bankruptcy proceedings that informs all interested parties that a trustee has filed the final report of the bankruptcy case. It is usually sent to the debtor, creditors, and other parties involved in the bankruptcy proceeding. It contains information about the administration of the bankruptcy case and the distribution of the bankruptcy estate's assets. There are two types of Notice of Filing of Final Report of Trustee: one for Chapter 7 cases and one for Chapter 13 cases. In a Chapter 7 case, the notice contains information about the discharge of the debtor's debts, the liquidation of the debtor's assets, the payment of creditors, and the closing of the bankruptcy estate. In a Chapter 13 case, the notice includes information about the repayment plan, the performance of the debtor's payments, and the closing of the bankruptcy estate.
Notice of Filing of Final Report of Trustee
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How to fill out Notice Of Filing Of Final Report Of Trustee?
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FAQ
The Trustee's Report of No Distribution, or NDR, lets the court and all interested parties know that no money will be paid to creditors. If a NDR is filed, the court will close the bankruptcy case shortly after the discharge has been entered.
The date of your discharge is the date that the assigned bankruptcy judge signs the discharge order. The court will mail you a copy of the order after the judge signs it. The discharge date is next to the judge's signature on the discharge.
The Minimum Percentage of Debt Repayments In A Chapter 13 Bankruptcy Is 8 To 10 Percent.
When a chapter 7 case with assets is closed, the trustee files a final report that accounts for the disposition of assets, as well as the distribution of funds to creditors and to administrative expenses. The data from these final reports are compiled by the USTP for oversight and statistical reporting purposes.
Final Report and Discharge This report summarizes the financial activity in a case over the life of the plan. Final Reports in completed and dismissed cases are generated by the Trustee during month-end processing after all checks associated with the case have cleared the Trustee's bank account.
As your case enters its final stages, the Chapter 13 Trustee will complete an audit of your case. This audit ensures the Trustee has paid out all necessary payments to creditors and all the required laws have been followed.
The discharge releases the debtor from all debts provided for by the plan or disallowed (under section 502), with limited exceptions. Creditors provided for in full or in part under the chapter 13 plan may no longer initiate or continue any legal or other action against the debtor to collect the discharged obligations.