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Notice of Stay of Proceedings (CM-180) Tells the court and the other side that a cause is paused (stayed) because another court case, such as bankruptcy, requires the pause.

Chapter 7 bankruptcy is a type of bankruptcy filing commonly referred to as liquidation because it involves selling the debtor's assets in bankruptcy. Assets, like real estate, vehicles, and business-related property, are included in a Chapter 7 filing.

The bankruptcy trustee's role here is to collect the payments, distribute the funds to creditors, and request that payment amounts be increased, if need be. The trustee may arrange and run an initial meeting between the debtor and the creditors.

The U.S. Trustee, the Chapter 7 trustee, or any of your creditors can request a denial of discharge. They would do so by filing a lawsuit, called an “adversary proceeding,” in your bankruptcy case.

The first duty is to file with the court a list of creditors and, unless the court orders otherwise, a schedule of assets and liabilities and a statement of his financial affairs. Second, the debtor is required to cooperate with the trustee as necessary to enable the trustee to perform the trustee's duties.

Background. A chapter 13 bankruptcy is also called a wage earner's plan. It enables individuals with regular income to develop a plan to repay all or part of their debts. Under this chapter, debtors propose a repayment plan to make installments to creditors over three to five years.

The bankruptcy trustee's role here is to collect the payments, distribute the funds to creditors, and request that payment amounts be increased, if need be. The trustee may arrange and run an initial meeting between the debtor and the creditors.

Trustees can look back at any transaction made within 90 days of a bankruptcy filing to see if it applies. Trustees can also look back at certain property transactions and payments to family or friends, a year before the filing.