Easily Hide Number Fields to the Bankruptcy Agreement

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How to Hide Number Fields to the Bankruptcy Agreement

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[Music] hello again everyone Im attorney Robert fleisss thanks for watching this video in this video Im going to show you one of the forms that are required in order to file a chapter 7 bankruptcy case and how to generally complete this form there are approximately 18 forms that must be accurately completed before you file your case with a bankruptcy court the form Im gonna discuss today is the first one form 101 this is the form where you insert information about yourself its pretty simple the other forms start getting a little bit more complicated lets take a look at the form this is the first form of a bankruptcy petition its called formed 101 theyre taking basic information from you thats gonna identify certain things now this is a fillable form and you can download it online at the united states bankruptcy website theyre all in PDF format this particular form is seven parts on eight pages and its not that hard to complete this is set up for either filing as a individual

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What is the automatic stay exception for Chapter 13 bankruptcy?

Chapter 13 also contains a special automatic stay provision that protects co-debtors. Unless the bankruptcy court authorizes otherwise, a creditor may not seek to collect a consumer debt from any individual who is liable along with the debtor. 11 U.S.C. 1301(a).

What happens if you hide money from a bankruptcy?

Failing to disclose information about your assets to the bankruptcy court can result in: Losing the benefit of discharge. Youll owe exactly what you owe now on debt and your assets are still at risk of being confiscated by the bankruptcy trustee or creditors. Revocation of your bankruptcy discharge.

What is the automatic stay under Chapter 7 or Chapter 13 bankruptcy?

The automatic stay basically says to debtors creditors that a case has been filed, they have to stop collecting immediately, and they have to let the bankruptcy court administer the case whether its a Chapter 7 fresh start or a Chapter 13 bill consolidation through the court.

What are some exceptions to the bankruptcy automatic stay?

The most commonly sought exceptions are actions by parties to securities contracts to close out open positions; eviction of a debtor by a landlord where the lease has been fully terminated prior to the bankruptcy filing; actions by taxing authorities to conduct tax audits, issue deficiency notices, demand tax returns

Can you hide a bank account in bankruptcy?

Do not try to hide bank accounts from the trustee because youre afraid of what theyll do with the information. This is a good way to get charged with bankruptcy fraud, a criminal charge which can lead to serious jail time, as well as steep fines.

How long does an automatic stay last in Chapter 13?

Because of the duration of the court case, a Chapter 7 automatic stay often lasts for three to four months. In contrast, the automatic stay remains effective on Chapter 13 bankruptcy cases throughout the duration of the debtors repayment plan, assuming they comply with the terms.

What does an automatic stay prohibit?

What Is an Automatic Stay? An automatic stay is a provision in United States bankruptcy law that temporarily prevents creditors, collection agencies, government entities, and others from pursuing debtors for money that they owe.

How do you hide assets in bankruptcy?

The ways a debtor might try to hide their assets include: Transferring or disposing assets before bankruptcy. For example, if someone owns an expensive second vehicle that they dont want to lose, they may try to quickly transfer it into someone elses name or make it seem as if they disposed of it or got rid of it.

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