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A Notice of Bankruptcy is sent to creditors after one of their debtors files a petition with the court attempting to claim bankruptcy. After receiving the notice, the creditor must take certain steps to protect their interest in the money they are owed.
Usually when you get the bankruptcy notice you will get a claim form to fill out. It is a relatively simple form, and it will include instructions concerning where to send it once you have filled it out.
What is a discharge in bankruptcy? A bankruptcy discharge releases the debtor from personal liability for certain specified types of debts. In other words, the debtor is no longer legally required to pay any debts that are discharged.
A bankruptcy letter should be clear and concise and provide all the necessary information. It should include the name and contact information of the debtor, the date of the filing, the court where the bankruptcy was filed, the case number, and the type of bankruptcy filed.
A Notice of Bankruptcy informs you that you or your company may be owed money by a company that just filed bankruptcy (a debtor). Since you've been given notice, you're now expected to comply with the deadlines and restrictions imposed in bankruptcy.
A) Voluntary Dismissal ? A debtor can file a motion to voluntarily dismiss the bankruptcy case, but the court may or may not approve the dismissal depending upon the chapter number of the bankruptcy case and the prior history of the debtor in bankruptcy.
Yes, bankruptcies are considered public record. Anyone may call the court and verify if you have filed bankruptcy. Online access to bankruptcy records is available for a fee to persons who have a PACER login and password.
Another one of the myriad documents that you must complete when you file for bankruptcy is Official Form 108, called the "Statement of Intention." This document tells the bankruptcy trustee, the judge, and your creditors what you intend to do with certain property and certain leases.