Puerto Rico Sample Letter regarding Discharge of Debtor and Order Approving Trustee's Report of No Distribution and Closing Estate
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How to fill out Sample Letter Regarding Discharge Of Debtor And Order Approving Trustee's Report Of No Distribution And Closing Estate?
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In a chapter 7 case, however, a discharge is only available to individual debtors, not to partnerships or corporations. 11 U.S.C. § 727(a)(1). Although an individual chapter 7 case usually results in a discharge of debts, the right to a discharge is not absolute, and some types of debts are not discharged.
A trustee is appointed to take control of certain assets of the debtor, bring these assets into the estate, and sell or distribute these assets for the benefit of creditors. Some assets will remain with the debtor if these assets are determined to be exempt from distribution to creditors.
Your Chapter 7 discharge order will be granted between 60 - 90 days after your 341 meeting. The earliest your discharge can be entered is after the deadline to object to your discharge has passed. You can find this date on your Form 309A under ?Deadlines.?
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. Unfortunately, you can only find the NDR by reviewing your case docket.
Closed Without a Discharge Cases are closed without discharge when the debtor does not complete the required debtor education required as a condition of discharge. The court may also close your case without discharge if you failed the last step for getting rid of debt. Your filing may not have been filed timely.
Whether the trustee can take money you receive after filing your case depends on whether you were entitled to the money at the time your case was filed and how it was listed on your forms, if at all.
A Report of No Distribution (NDR), lets the court and all interested parties know that the trurstee is not paying out money in a bankruptcy case to creditors. If the trustee files an NDR in your case, the court will close your bankruptcy case shortly after entering a discharge.
