Low Cost Notary & Document Preparation Services - Company Message
Bankruptcy Court
 
 
We can assist you with the following Bankruptcy Court Petitions:
 
**Bankruptcy Preparation & Organization
**Chapter 7 
**Waivers/Deferrals of Court Filing Fees
 
 
Below are a list of definitions pertaining to the above mentioned legal matters that we are able to assist with. Most definitions can be found in Black's Law Dictionary. Please understand we are not attorneys therefore we cannot provide you with legal advice and nothing written below can be construed as legal advice.
 
Bankruptcy - The statutory proceedings usually triggered by insolvency, by which a person is relieved of most debts and undergoes a judicially supervised reorganization or liquidation for the benefit of that person's creditors.
 
    a. Bankruptcy Court - A US district court that is exclusively concerned with administrating bankruptcy proceedings. the bankruptcy judges within a given district, considered as making up a court that is a subunit of a US district court.
 
    b. Bankruptcy Trustee - The person appointed by the US Trustee and approved by the bankruptcy court to take charge of and administer the debtor's estate during bankruptcy proceedings.
 
    c. Chapter 7 - The chapter of the Bankruptcy Code allowing a trustee to collect and liquidate a debtor's property, either voluntarily or by court order, to satisfy creditors. An individual debtor who undergoes
this type of liquidation usually gets a fresh financial start by receiving a discharge of all debts.
 
   Waiver - The voluntary relinquishment or abandonment - express or implied - or a legal right or advantage.
 
Defer - To postpone; to delay.
 
    a. Deferred payment - A principal-and-interest payment that is postponed; an installment payment.
 
If what you are looking for assistance with is not on here please let us know and we will see if we can still assist you.
 
 
 
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Bankruptcy Information
Information on Chapter 7 bankruptcy peition preparation