Pennsylvania Chapter 13 Application for Supplemental Compensation is an application for additional funds to help cover additional costs or expenses incurred in the Chapter 13 bankruptcy process. This form is typically used to supplement the amount of money already provided by the Chapter 13 plan. It is typically filed in the U.S. Bankruptcy Court for the Eastern District of Pennsylvania. There are two types of Pennsylvania Chapter 13 Application for Supplemental Compensation: 1. Motion for Allowance of Administrative Expense: This application is used to request the court to allow an administrative expense to be paid out of the funds available in the Chapter 13 plan. 2. Motion for Allowance of Professional Fees: This application is used to request the court to allow a professional fee to be paid out of the funds available in the Chapter 13 plan.
Pennsylvania Chapter 13 Application for Supplemental Compensation
Description
How to fill out Pennsylvania Chapter 13 Application For Supplemental Compensation?
US Legal Forms is the most simple and affordable way to find appropriate formal templates. It’s the most extensive online library of business and individual legal paperwork drafted and checked by attorneys. Here, you can find printable and fillable blanks that comply with federal and local regulations - just like your Pennsylvania Chapter 13 Application for Supplemental Compensation.
Getting your template requires only a few simple steps. Users that already have an account with a valid subscription only need to log in to the web service and download the document on their device. Later, they can find it in their profile in the My Forms tab.
And here’s how you can obtain a professionally drafted Pennsylvania Chapter 13 Application for Supplemental Compensation if you are using US Legal Forms for the first time:
- Read the form description or preview the document to make sure you’ve found the one meeting your requirements, or locate another one utilizing the search tab above.
- Click Buy now when you’re sure of its compatibility with all the requirements, and select the subscription plan you like most.
- Create an account with our service, sign in, and pay for your subscription using PayPal or you credit card.
- Choose the preferred file format for your Pennsylvania Chapter 13 Application for Supplemental Compensation and save it on your device with the appropriate button.
After you save a template, you can reaccess it anytime - simply find it in your profile, re-download it for printing and manual fill-out or upload it to an online editor to fill it out and sign more proficiently.
Take advantage of US Legal Forms, your trustworthy assistant in obtaining the required official paperwork. Give it a try!
Form popularity
FAQ
A case filed under chapter 11 of the United States Bankruptcy Code is frequently referred to as a "reorganization" bankruptcy. Usually, the debtor remains ?in possession,? has the powers and duties of a trustee, may continue to operate its business, and may, with court approval, borrow new money.
Chapter 13 also allows debtors to keep bank account funds in excess of the allowable exemption amount provided the excess amounts are worked into the Chapter 13 plan and paid back over the life of the plan.
While the average length of a Chapter 11 Bankruptcy case can last 17 months, larger and more complex cases can take up to five years. And following the conclusion of the bankruptcy case, it can still take months for Debtors to begin distributing payouts to the highest priority class of Creditors.
The Disadvantages of Chapter 11 Bankruptcy Loss of Privacy.Financial Record-Keeping & Reporting Requirements.Profitability Requirements.Some Loss of Control Over Business Operations.Restrictions on Compensation of Debtor's Insiders.Possible Loss of Shareholder Control.The Cost.
Chapter 11 bankruptcy is a rehabilitative case that gives the debtor a breathing period from the petition filing to plan confirmation, during which time business affairs can be reorganized and a plan devised for the orderly payment of creditors. Chapter 11 is frequently referred to as the reorganization bankruptcy.
If you successfully complete your bankruptcy plan you will receive a discharge of debt. A discharge releases you (the debtor) from personal liability for certain dischargeable debts. Some taxes may be dischargeable. Whether a federal tax debt may be discharged depends on the unique facts and circumstances of each case.