This form is an order confirming a chapter 12 plan. The plan is confirmed with certain provisions encompassing payment amount, due date of payment, and period of payments.
New Hampshire Order Confirming Chapter 12 Plan - B 230A
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How to fill out Order Confirming Chapter 12 Plan - B 230A?
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FAQ
Creditors in bankruptcy cases have debts paid either by waiting for a distribution from the estate (unsecured creditors), by reclaiming property from the bankruptcy estate (secured creditors), or by obtaining a judgment that the debt is not dischargeable.
In some instances, the debtor may be able to cover a large part of their debts from selling their assets. In other instances, some individuals may not have any income or assets. This can mean that creditors and the government ultimately end up paying for the bankruptcy.
The individual or individual and spouse must be engaged in a farming operation or a commercial fishing operation. The total debts (secured and unsecured) must not exceed $11,097,350 (if a family farmer) or $2,268,550 (if a family fisherman).
Although the bankruptcy process does help pay for the debt, it typically only attributes a small portion of what was originally owed. So, the company that an individual owes money to usually has to absorb their losses.
That means that the one paying for those bankruptcy discharges is the companies and creditors who debtors owed in the first place. So, do taxpayers pay for people's bankruptcies? The answer is no ? and anyone who tells you otherwise is probably just misinformed.
After a bankruptcy, the debtor is no longer legally required to pay any debts that are eliminated, or discharged, in bankruptcy court. Collectors cannot collect on the debts that have been discharged.
