| Abandonment |
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| Generally, abandonment of property of an estate is initiated by a trustee. The trustee has the right to retain valuable assets and abandon burdensome property, subject to the court's supervisory control, but cannot accept only the beneficial features and reject the burdens with respect to the same item of property. A trustee should not abandon property that is necessary for the debtor's fresh start or other bankruptcy purposes. More... |
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| Dischargeable Debts |
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| Dischargeable debts are those debts that can be discharged through bankruptcy proceedings. A debtor is no longer personally liable to pay for dischargeable debts after the bankruptcy proceedings are concluded.More... |
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| First Meeting of Creditors |
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| Under the Bankruptcy Code, the United States trustee must convene and preside at a meeting of creditors, which is often referred to as the section 341 meeting. This must occur within a reasonable time after the order for relief in a case.More... |
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| Dischargeability of Debt |
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| Discharging a debt in bankruptcy means that the debt is eliminated or wiped out. However, not all types of debts can be discharged in a bankruptcy proceeding. More... |
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| The Bankruptcy Appellate Panels and Review of Bankruptcy Decisions |
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| Bankruptcy Appellate Panels or "BAPs"More... |
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