Chapter thirteen The chapter on the Bankruptcy Code delivering with the adjustment of debts of someone with frequent revenue, often referred to as a "wage-earner" program.
U.S. trustee An officer from the U.S. Office of Justice answerable for supervising the administration of bankruptcy scenarios, estates, and trustees; checking strategies and disclosure statements; monitoring creditors' committees; monitoring price apps; and undertaking other statutory obligations.
Writ of certiorari An purchase issued from the U.S. Supreme Court directing the decreased court to transmit documents for your circumstance which it will eventually hear on attraction. Go to top
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Habeas corpus Latin, indicating "you have your body." A writ of habeas corpus commonly is often a judicial get forcing legislation enforcement authorities to provide a prisoner They may be Keeping, and to justify the prisoner's ongoing confinement.
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Exemptions, exempt home Selected property owned by somebody debtor that the Bankruptcy Code or relevant point out law permits the debtor to maintain from unsecured creditors. For example, in certain states the debtor may be able to exempt all or even a percentage of the equity inside the debtor's Main home (homestead exemption), or some or all "instruments of your trade" used by the debtor to generate a dwelling (i.
Admissible A term used to explain evidence That could be regarded by a unemployment jury or decide in civil and criminal conditions.
Dischargeable credit card debt A financial debt for which the Bankruptcy Code allows the debtor's personal legal responsibility being eradicated.
Petit jury (or demo jury) A bunch of citizens who hear the proof introduced by either side at demo and decide the specifics in dispute. Federal criminal juries encompass twelve individuals. Federal civil juries include not less than six folks.
Petition The document that initiates the filing of a bankruptcy proceeding, placing forth essential info regarding the debtor, together with identify, handle, chapter under which the case is filed, and estimated number of belongings and liabilities.
Grand jury A body of sixteen-23 citizens who listen to proof of criminal allegations, that's presented because of the prosecutors, and decide whether or not There may be probable bring about to imagine an individual dedicated an offense. See also indictment and U.S. attorney. Go to top H
A lot of trusts are created instead to or along with a will and other features of estate organizing. Point out regulation establishes the framework for identifying the validity and restrictions for the two.
A Chapter 7 Bankruptcy is an immediate discharge or wiping from unsecured debts. Debts which can be A part of a Chapter seven Bankruptcy are charge card debts, medical expenses, personal unsecured loans, timeshares, specific tax debts, plus much more.