Chapter 12 is designed for "family farmers" or "family fishermen" with "regular annual income." It enables financially distressed family farmers and fishermen to propose and carry out a plan to repay all or part of their debts.

Is the basic duty of a trustee is to collect the debtor's property and reduce it to money for distribution?

Chapter 7, entitled Liquidation, contemplates an orderly, court-supervised procedure by which a trustee takes over the assets of the debtor's estate, reduces them to cash, and makes distributions to creditors, subject to the debtor's right to retain certain exempt property and the rights of secured creditors.

What is Chapter 11 ban?

Chapter 11 bankruptcy is the formal process that allows debtors and creditors to resolve the problem of the debtor's financial shortcomings through a reorganization plan; see Tamir v.

US Legal Forms
Spec Forms
Alaska
Order Requiring Debtor's Employer to Remit Deductions from a Debtor's...

Alaska Order Requiring Debtor's Employer to Remit Deductions from a Debtor's Income to Trustee

Q: What is ch12?

Chapter 12 is designed for &quot;family farmers&quot; or &quot;family fishermen&quot; with &quot;regular annual income.&quot; It enables financially distressed family farmers and fishermen to propose and carry out a plan to repay all or part of their debts.

Category:

Bankruptcy - Chapter 13

State:

Multi-State

Control #:

US-02154BG

Format:

Instant download

Description

The U.S. Bankruptcy Code also allows individual debtors who meet certain financial criteria to adopt extended time payment plans for the payment of debts. An individual debtor on a regular income may submit a plan for installment payment of outstanding debts. This is called a Chapter 13 Plan. This plan must be confirmed by the court. Once it is confirmed, debts are paid in the manner specified in the plan. After all payments called for by the plan are made, the debtor is given a discharge. The plan is, in effect, a budget of the debtor's future income with respect to outstanding debts. The plan must provide for the eventual payment in full of all claims entitled to priority under the Bankruptcy Code. The plan will be confirmed if it is submitted in good faith and is in the best interest of the creditors.

A Chapter 13 plan must provide for the submission of all or such portion of future earnings or other future income of the debtor to the supervision and control of the trustee as is necessary for the execution of the plan. After the confirmation of a Chapter 13 plan, the court may exercise its discretion and order any entity from whom the debtor receives income to pay all or part of such income to the trustee.

Colorado 9.11 Lacey Act-Import or Export of Illegally Taken Fish, Wildlife or Plants

View this form

California 9.11 Lacey Act-Import or Export of Illegally Taken Fish, Wildlife or Plants

View this form

Connecticut 9.11 Lacey Act-Import or Export of Illegally Taken Fish, Wildlife or Plants

View this form

Delaware 9.11 Lacey Act-Import or Export of Illegally Taken Fish, Wildlife or Plants

View this form

District of Columbia 9.11 Lacey Act-Import or Export of Illegally Taken Fish, Wildlife or Plants

View this form

Personnel Change Form

View this form

Waiver and Release From Liability For Mino...

View this form

IMPEACHMENT OF DEFENDANT BY PRIOR CONVICTION

View this form

Equity Share Agreement

View this form

Revocable Living Trust for Minors

View this form

One Time Listing and Showing Agreement

View this form

Sample Letter for Acceptance of Resignatio...

View this form

Real Estate Offer Form

View this form

Accord and Satisfaction and Release betwee...

View this form

Sample Letter for Corporation Application

View this form

How to fill out Order Requiring Debtor's Employer To Remit Deductions From A Debtor's Income To Trustee?

Are you currently within a place where you need papers for possibly company or specific reasons nearly every working day? There are tons of legal document themes accessible on the Internet, but getting versions you can rely isn`t simple. US Legal Forms offers a large number of develop themes, like the Alaska Order Requiring Debtor's Employer to Remit Deductions from a Debtor's Income to Trustee, which are created to fulfill federal and state requirements.

When you are already familiar with US Legal Forms internet site and get your account, just log in. Afterward, it is possible to acquire the Alaska Order Requiring Debtor's Employer to Remit Deductions from a Debtor's Income to Trustee web template.

Should you not offer an profile and want to begin to use US Legal Forms, adopt these measures:

Get the develop you will need and ensure it is for your right metropolis/state.
Take advantage of the Review switch to examine the shape.
Browse the outline to ensure that you have selected the right develop.
In case the develop isn`t what you are searching for, take advantage of the Research field to obtain the develop that meets your needs and requirements.
Once you obtain the right develop, click Acquire now.
Select the pricing plan you desire, fill in the desired information to create your bank account, and pay for an order utilizing your PayPal or bank card.
Choose a hassle-free file formatting and acquire your version.

Get all the document themes you have bought in the My Forms food list. You can obtain a more version of Alaska Order Requiring Debtor's Employer to Remit Deductions from a Debtor's Income to Trustee any time, if possible. Just click on the necessary develop to acquire or produce the document web template.

Use US Legal Forms, probably the most considerable variety of legal forms, to conserve time and avoid errors. The service offers professionally manufactured legal document themes which can be used for an array of reasons. Create your account on US Legal Forms and commence producing your way of life a little easier.

Form popularity

FAQ

Chapter 12 is designed for "family farmers" or "family fishermen" with "regular annual income." It enables financially distressed family farmers and fishermen to propose and carry out a plan to repay all or part of their debts.

Chapter 7, entitled Liquidation, contemplates an orderly, court-supervised procedure by which a trustee takes over the assets of the debtor's estate, reduces them to cash, and makes distributions to creditors, subject to the debtor's right to retain certain exempt property and the rights of secured creditors.

Debtors owe money to individuals or companies (such as banks). Debtors can be individuals or companies and are referred to as borrowers if the debt is from a bank or financial institution. Debtors can also be someone who files a voluntary petition to declare bankruptcy.

Chapter 7 cases are typically only filed voluntarily by the debtor. The primary purpose of a Chapter 11 bankruptcy is to give business entities and individuals with large amounts of debt an opportunity to reorganize their financial affairs.

The subchapter went into effect in 2020. It gives small businesses that are earning a profit, but having trouble paying their obligations, a simplified process for paying down their debt. Businesses that file under Subchapter 5 can force creditors to accept court-approved repayment plans of three to five years.

This section authorizes the court to dismiss a liquidation case only for cause, such as unreasonable delay by the debtor that is prejudicial to creditors or nonpayment of any fees and charges required under chapter 123 [§ 1911 et seq.] of title 28.

Chapter 11 bankruptcy is the formal process that allows debtors and creditors to resolve the problem of the debtor's financial shortcomings through a reorganization plan; see Tamir v.

An order for relief will be entered if the debtor does not contest the involuntary petition or, if the debtor contests the involuntary petition, an order for relief will be entered if (1) the court determines that the debtor is not paying its undisputed debts as they come due, or (2) a custodian (other than a trustee, ...