Best Foreclosure Lawyers in Jacksonville, FL

The best interest of creditors test requires a debtor to ensure that under his or her Chapter 13 plan, any unsecured creditors receive at the very least as much as they would receive if the case were a Chapter 7. In order for this to occur, a complete liquidation analysis is required to determine what the unsecured creditors would be paid under a Chapter 7 plan. Your attorney will complete this analysis for you.

When you file a Chapter 7 bankruptcy in the Jacksonville Division of the Middle District, there is a panel composed of eight different trustees. There is a blind draw to determine which trustee from the panel will be assigned to your case. Each of the trustees has a background and experience in bankruptcy law. The trustee must review all necessary paperwork filed with the court and examine the debtor while under oath. The trustee must then convert all non-exempt assets of the debtor into money and use it pay both the administrative expenses and creditors according to the Bankruptcy Code. For questions about exemptions, consult your attorney.

Yes, child support, alimony, income tax, pay roll, student loans, trust fund taxes, sales tax, and property settlements are non-dischargeable. Additionally, any debtors accused of fraud, embezzlement, or conversion will have their debt found non-dischargeable.