The NACTT Academy offers a comprehensive community for bankruptcy professionals seeking to advance their education in consumer bankruptcy.
ConsiderChapter13.org offers a forum to advance continuing education of consumer bankruptcy via access to insightful articles, informative webinars, and the latest industry news. Join now to benefit from expert resources and stay informed.
These informative sessions are led by industry experts and cover a range of consumer bankruptcy topics.
Written by industry experts, these articles provide in-depth analysis and practical guidance on consumer bankruptcy topics.
The Academy is the go-to source for the latest news and analysis in the Chapter 13 bankruptcy industry.
From the Editor – Conversion and Dismissal
Print This Article
Link to Post:
By The Honorable William Houston Brown (Retired)
Fifth Circuit gives undistributed money to creditors on conversion. On conversion of a confirmed case to Chapter 7, the undistributed funds held by the Chapter 13 trustee should go to creditors, except for $1,200 assigned by the debtor for unpaid attorney fees. The circuit panel discussed the split of authority on what passes to the Chapter 7 estate on conversion, prior to the 1994 amendment to § 348, as well as the absence of a statute that explicitly states what happens to undistributed money on conversion after the 1994 . . .
It looks like you are not signed in or registered! This content is only available to members.
Or Sign In Below:
Related Articles
How to Manage Incompetent, Unprepared, and Unreasonable Creditor Bankruptcy Counsel
How My Law Firm Learned to Stop Leaving Money on the Table Part 4 – Making Willful Stay Violations Pay Off
“Lien Stripping” Based on Claim Disallowance by Default: Ninth Circuit Clarifies its Rule
Sanctions in South Carolina
The PUMP Act
No Room for Error? Determining Whether Your “Secured” Creditor Has a Fatally Deficient UCC-1
Leading a Winning Team
Meet One of Our Newest Trustees
Ask Ms. Ps & Qs
The Student Loan Solution