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Avoid Mistakes When Planning and Filing Virginia Bankruptcy Cases
The best-planned bankruptcy cases go unnoticed. A few debtors glide through the system without attracting attention and receive full discharges in record time. Luck is not involved, but rather each successful debtor begins planning strategically a few weeks or months in advance. These debtors know something that you don’t.
Free - 2010 Bankruptcy Strategies Explained
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"Virginia Bankruptcy List"
Each clerk maintains records of all pending cases, and frequently, closed case information for a few years.
Most older closed cases were filed using paper documents which are held in archives. Pulling copies of archived
paper documents requires payment of a fee and may take months.
| Rule 5003 of the Federal Bankruptcy Rules of Procedure provides, in part, "(a) Bankruptcy
Dockets. The clerk shall keep a docket in each case under the Code and shall enter thereon each judgment,
order, and activity in that case as prescribed by the Director of the Administrative Office of the United
States Courts. The entry of a judgment or order in a docket shall show the date the entry is made. (b)
Claims Register. The clerk shall keep in a claims register a list of claims filed in a case when it appears
that there will be a distribution to unsecured creditors." |
On March 5, 2004 the Virginia Bankruptcy Courts adopted newly adjusted dollar amounts which apply throughout
the Code. The changes became effective April1, 2004. The adjusted amounts affect the values throughout carious
Code sections, including the eligibility requirement for debtors who file Chapter 13, the value of claims which
the Code treats as a priority claim, the amount of creditor claims need to instigate an involuntary petition,
and the amount of luxury goods and services which may be considered nondischargeable if acquired within 30 days
of filing. These changes to Virginia bankruptcy law were based on the Consumer Price Index published by the US
Dept. of Labor, and increase values to reflect rising prices. These changes became mandatory every three years
beginning in 1994.
Back to Virginia Bankruptcy Court words & phrases.
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