Indiana 2013-01: Notice of Trustee's Final Report in Chapter 7 Asset Cases (12/02/2013) is a document issued by the Indiana Bankruptcy Court to the debtor, trustee, and creditors involved in a Chapter 7 asset case. This document is used to notify the parties that the trustee has completed the administration of the estate and has submitted a final report of their activities. The document also outlines the deadlines for filing objections to the report and the process for distributing any funds remaining in the estate. There are two types of Indiana 2013-01: Notice of Trustee's Final Report in Chapter 7 Asset Cases (12/02/2013): Short Form and Long Form. The Short Form is used for estates with assets of less than $500,000, while the Long Form is used for estates with assets greater than $500,000.
Indiana 2013-01: Notice of Trustee's Final Report in Chapter 7 Asset Cases (12/02/2013)
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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 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.
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.
Your bankruptcy trustee can ask for up to two years of bank statements. The trustee will look at your statements to verify your monthly payments to make sure they match the expenses you put on your bankruptcy forms.
If there might be funds for the Chapter 7 Trustee to distribute, you will receive a Notice of Possible Dividends, which will include a deadline for filing a proof of claim. Proofs of claims must be filed within the time stated on the Notice of Possible Dividends.
The bankruptcy trustee will typically be entitled to claim any non-exempt portion of the settlement and distribute it to creditors.
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.