This form is a notice of filing of the final report of the trustee and of a hearing on applications for compensation. The purpose of the hearing is to examine the final report of the trustee.
Puerto Rico Notice of Filing of Final Report of Trustee, of Hearing on Applications for Compensation and of Hearing on Abandonment of Property by the Trustee - B
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How to fill out Notice Of Filing Of Final Report Of Trustee, Of Hearing On Applications For Compensation And Of Hearing On Abandonment Of Property By The Trustee - B?
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FAQ
Can a Bankruptcy Trustee Take Your Tax Refund After a Discharge? There are two types of bankruptcy for individuals, Chapter 7 and Chapter 13. The bankruptcy trustee can keep your tax refund in both, though with Chapter 7 it will happen only once. With Chapter 13, it can happen every year of your repayment plan.
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.
Any winnings above your allowed exemption amounts go to the bankruptcy trustee to the extent necessary to pay your debts. However, if there is money left after all of your debts and the costs of the bankruptcy are paid, the excess will be returned to you.
Closing a Chapter 7 Bankruptcy After Discharge A Chapter 7 case will remain open after the discharge if the Chapter 7 trustee appointed to the matter needs additional time to sell assets or if the case involves litigation.
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.
The trustee will not monitor your credit report, though you should. That's a good rule whether you're in Chapter 13 bankruptcy or not.
Duties and responsibilities of the trustee: To advertise their appointment. ... To assist the Official Receiver. ... To realise any assets belonging to the bankrupt for the benefit of creditors; To report to the Financial Conduct Authority. ... To use the Insolvency Service Account. ... To keep records. ... To investigate.
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.