Download Getting Paid: How to Collect from Bankrupt Debtors by Stephen R. Elias PDF

By Stephen R. Elias

If considered one of the1.5 million humans and companies that claim financial ruin this 12 months owes your cash, there is nonetheless an opportunity you may get it again. yet how do you win in the event that your lawyer fees greater than it is worthy to recoup your loss? resolution: bypass the lawyer's charges and skim Getting Paid. even if you are a company individual, ex-spouse or worker, Getting Paid takes you thru the method of having what you are owed. tips on how to: *examine financial ruin papers *file and shield your declare *get paid for secured claims  *file easy motions and court cases *expose a "bad" financial disaster *uncover hidden resources *minimize destiny losses *and even more Armed with Getting Paid's plain-English felony details and step by step directions, you could dramatically bring up your possibilities of getting a few -- if now not all -- of your a reimbursement!

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Additional info for Getting Paid: How to Collect from Bankrupt Debtors

Example text

If the petition was filed with the bankruptcy court it will have a docket number stamped on it along with the date and time the clerk of the bankruptcy court received it. A copy of the petition without these markings doesn’t tell you anything, but suggests that the petition wasn’t filed. However, it may just be that the debtor’s attorney gave the debtor an unfiled copy of the petition. If the debtor can’t produce a timestamped copy of the petition, or you’re told of the filing over the telephone, ask for the docket number or the name of the debtor’s attorney.

By class: Creditors are not named, but the plan says that all holders of unsecured claims will receive a certain percentage of their claims or will share in a certain amount of money. 2/17 If the plan did, in fact, provide for the payment of your claim, then your claim was discharged even if you didn’t file a proof of claim. EXAMPLE: Dempsey’s attorney agreed to represent him in his divorce even though Dempsey was broke. Dempsey did, however, own a hunting cabin that the attorney agreed to accept as collateral for his fees.

The employees had concerns such as the continuation of their health care benefits, the payment of termination bonuses, and the prosecution of various legal actions against the company. Concerns of this nature could not have been properly considered by a committee representing the claims of all unsecured creditors. Lawyers Benefit Most From a Chapter 11 Back in 1989, publisher Sol Stein described his experience as the owner of a company that went into Chapter 11 bankruptcy, in a book called A Feast for Lawyers.

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