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Fees for liquidating trustee

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If a joint petition is filed, only one filing fee and one administrative fee are charged. Generally, the debtor, as "debtor in possession," operates the business and performs many of the functions that a trustee performs in cases under other chapters. The 0 administrative fee may be paid in installments in the same manner as the filing fee. Upon filing a voluntary petition for relief under chapter 11 or, in an involuntary case, the entry of an order for relief, the debtor automatically assumes an additional identity as the "debtor in possession." 11 U. The appointment or election of a trustee occurs only in a small number of cases. The voluntary petition will include standard information concerning the debtor's name(s), social security number or tax identification number, residence, location of principal assets (if a business), the debtor's plan or intention to file a plan, and a request for relief under the appropriate chapter of the Bankruptcy Code. A debtor will remain a debtor in possession until the debtor's plan of reorganization is confirmed, the debtor's case is dismissed or converted to chapter 7, or a chapter 11 trustee is appointed. The term refers to a debtor that keeps possession and control of its assets while undergoing a reorganization under chapter 11, without the appointment of a case trustee. Generally, a written disclosure statement and a plan of reorganization must be filed with the court. The information required is governed by judicial discretion and the circumstances of the case. The contents of the plan must include a classification of claims and must specify how each class of claims will be treated under the plan. The fees must be paid to the clerk of the court upon filing or may, with the court's permission, be paid by individual debtors in installments. (The Official Forms are not available from the court, but may be purchased at legal stationery stores or downloaded from the Internet at The courts are required to charge a

If a joint petition is filed, only one filing fee and one administrative fee are charged. Generally, the debtor, as "debtor in possession," operates the business and performs many of the functions that a trustee performs in cases under other chapters. The $550 administrative fee may be paid in installments in the same manner as the filing fee. Upon filing a voluntary petition for relief under chapter 11 or, in an involuntary case, the entry of an order for relief, the debtor automatically assumes an additional identity as the "debtor in possession." 11 U. The appointment or election of a trustee occurs only in a small number of cases. The voluntary petition will include standard information concerning the debtor's name(s), social security number or tax identification number, residence, location of principal assets (if a business), the debtor's plan or intention to file a plan, and a request for relief under the appropriate chapter of the Bankruptcy Code. A debtor will remain a debtor in possession until the debtor's plan of reorganization is confirmed, the debtor's case is dismissed or converted to chapter 7, or a chapter 11 trustee is appointed. The term refers to a debtor that keeps possession and control of its assets while undergoing a reorganization under chapter 11, without the appointment of a case trustee. Generally, a written disclosure statement and a plan of reorganization must be filed with the court. The information required is governed by judicial discretion and the circumstances of the case. The contents of the plan must include a classification of claims and must specify how each class of claims will be treated under the plan. The fees must be paid to the clerk of the court upon filing or may, with the court's permission, be paid by individual debtors in installments. (The Official Forms are not available from the court, but may be purchased at legal stationery stores or downloaded from the Internet at The courts are required to charge a $1,167 case filing fee and a $550 miscellaneous administrative fee.

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If a joint petition is filed, only one filing fee and one administrative fee are charged. Generally, the debtor, as "debtor in possession," operates the business and performs many of the functions that a trustee performs in cases under other chapters.

The $550 administrative fee may be paid in installments in the same manner as the filing fee. Upon filing a voluntary petition for relief under chapter 11 or, in an involuntary case, the entry of an order for relief, the debtor automatically assumes an additional identity as the "debtor in possession." 11 U. The appointment or election of a trustee occurs only in a small number of cases.

The voluntary petition will include standard information concerning the debtor's name(s), social security number or tax identification number, residence, location of principal assets (if a business), the debtor's plan or intention to file a plan, and a request for relief under the appropriate chapter of the Bankruptcy Code. A debtor will remain a debtor in possession until the debtor's plan of reorganization is confirmed, the debtor's case is dismissed or converted to chapter 7, or a chapter 11 trustee is appointed.

,167 case filing fee and a 0 miscellaneous administrative fee.

trustee plays a major role in monitoring the progress of a chapter 11 case and supervising its administration. Accordingly, a bankruptcy case involving a sole proprietorship includes both the business and personal assets of the owners-debtors. For example, property of the estate for an individual debtor includes the debtor's earnings and property acquired by the debtor after filing until the case is closed, dismissed or converted; funding of the plan may be from the debtor's future earnings; and the plan cannot be confirmed over a creditor's objection without committing all of the debtor's disposable income over five years unless the plan pays the claim in full, with interest, over a shorter period of time. A sole proprietorship (owner as debtor), on the other hand, does not have an identity separate and distinct from its owner(s). In addition, stock and commodity brokers are prohibited from filing under chapter 11 and are restricted to chapter 7. There are exceptions in emergency situations or where the U. trustee (or bankruptcy administrator) has determined that there are insufficient approved agencies to provide the required counseling. A voluntary petition must adhere to the format of Form 1 of the Official Forms prescribed by the Judicial Conference of the United States. Such debtors must file: a certificate of credit counseling and a copy of any debt repayment plan developed through credit counseling; evidence of payment from employers, if any, received 60 days before filing; a statement of monthly net income and any anticipated increase in income or expenses after filing; and a record of any interest the debtor has in federal or state qualified education or tuition accounts.11 U. trustee also imposes certain requirements on the debtor in possession concerning matters such as reporting its monthly income and operating expenses, establishing new bank accounts, and paying current employee withholding and other taxes. In North Carolina and Alabama, bankruptcy administrators perform similar functions that U. trustees perform in the remaining forty-eight states. trustees are also applicable to bankruptcy administrators. trustee and ordinarily consists of unsecured creditors who hold the seven largest unsecured claims against the debtor.