Browsed by
Tag: undistributed funds

Victory for Chapter 13 Bankruptcy Filers Who Convert to Chapter 7

Victory for Chapter 13 Bankruptcy Filers Who Convert to Chapter 7

In a victory for bankruptcy filers, yesterday, the U.S. Supreme Court resolved a split among the Courts of Appeal in Harris v. Viegelahn, 575 U.S. __ (2015). The ruling affects people who file for Chapter 13 bankruptcy and then, before completing the Chapter 13 plan, convert the case to a Chapter 7 bankruptcy. The Supreme Court said that if the bankruptcy trustee has plan funds on the date of conversion that he or she has not yet distributed to creditors,…

Read More Read More