Eric Slocum Sparks, P.C.
Practicing Bankruptcy Law for over 30 Years.
Bankruptcy Newsletter
Allowances and Objections to Creditor Claims
 
A claim or interest is allowed unless a party in interest, including a creditor of a general partner in a partnership that is a debtor in a case under Chapter 7, objects. More...
 
Chapter 11 Conversion or Dismissal
 
The Bankruptcy Code contemplates voluntary conversion by the debtor and discretionary conversion or dismissal by the court. In addition to those two forms of relief, a court may also dismiss a chapter 11 case for lack of good faith or may dismiss or suspend the case pursuant to provisions in the Bankruptcy Code.More...
 
Creditor Claims
 
A "claim" is a right to payment, whether or not such right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured, or unsecured. A "claim" may also be the right to an equitable remedy for breach of performance if the breach gives rise to a right to payment, whether or not such right to an equitable remedy is reduced to judgment, fixed, contingent, matured, unmatured, disputed, undisputed, secured, or unsecured. A "debt" is a liability on a claim. More...
 
Social Security and other benefits, Retirement Accounts in Chapter 7
 
What is Chapter 7 bankruptcy?More...
 
Nondischargeable Debts
 
Dischargeable debts are those debts that can be discharged through bankruptcy proceedings. Certain debts cannot be discharged through a bankruptcy proceeding. In a Chapter 7 bankruptcy, nondischargeable debts cannot be discharged at all, and in a Chapter 13 bankruptcy, these debts remain even after the repayment plan is completed.More...
 
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