What is post petition?
What is post petition?
Post-petition refers to anything that occurs “after” you have filed for bankruptcy. Conversely, the term “pre-petition” is used to refer to anything that happened before you filed for bankruptcy. Only “pre-petition” debts are dischargeable in bankruptcy.
What does petition date mean?
The date on which a debtor files a petition for relief under the Bankruptcy Code and commences its bankruptcy case. This date is used to determine what is property of the estate and is the date by which creditors’ claims are measured.
Is petition date same as filing date?
The filing date, often called the petition date, is the official date your bankruptcy case begins.
What is a post petition fee notice?
A Notice of Postpetition Mortgage Fees, Expenses and Charges must be filed by the mortgage creditor within 180 days of the date the fees, expenses and charges are incurred. The notice should be linked as a supplement to a Proof of Claim (“POC”) that has been filed for the creditor.
What is post petition interest?
Post-Petition Interest means any interest or entitlement to fees or expenses or other charges that accrue after the commencement of any bankruptcy or insolvency proceeding, whether or not allowed or allowable as a claim in any such bankruptcy or insolvency proceeding.
What are post petition liabilities?
Post-petition liability, on the other hand, is all the debt incurred after the bankruptcy case is logged. These two types of liabilities are often shown on the balance sheets of companies in bankruptcy protection and are separated to distinguish which outstanding balances are expected to be paid in full.
Is notice date the approval date?
The I-797C also contains a “Notice Date” – this is the date that the government mailed the I-797C, Notice of Action, to your address. The “Receipt Date” on the Approval Notice is the date that the government issued the Receipt Notice (I-797C), which, as already mentioned, is generally a few days after filing.
What is difference between notice date and received date?
What is the difference between Receipt Date and Receipt Notice Date? Receipt Date is the date the USCIS received the application. Receipt Notice Date is the date the receipt notice is issued.
What is a final cure payment?
Overview. A Notice of Final Cure Mortgage Payment is filed by the trustee within 30 days of the date the debtor completes all payments under the plan. The purpose of the notice is to state whether the debtor has paid the full amount required to cure the mortgage default.
What is a response to Notice of Final Cure payment?
The response is filed to provide a statement indicating: 1) whether the creditor agrees that the debtor has paid the full amount required to cure the default, and 2) whether the debtor is otherwise current on all payments.
Does interest accrue post petition?
Post-Petition Interest means interest accruing after the commencement of any bankruptcy or insolvency case or proceeding with respect to the Company or any receivership, liquidation, reorganization or other similar case or proceeding in connection therewith, at the rate applicable to such Indebtedness, whether or not …
What is a post petition mortgage payment?
If there is a post petition mortgage fee noticed and allowed, and the mortgage is paid directly by the debtor/borrower, then usually it is a fee added to the debt that must simply be paid from the sale of the home or prior to release of mortgage down the road.
When does a post petition payment come due?
A post petition payment is any payment that comes due after the date your bk is filed.
What does the term post petition mean in law?
Post-Petition means a date on or after the Petition Date. Post-Petition means any event, matter or item that arose on or after the Petition Date. Post-Petition means the period commencing on the Petition Date and continuing thereafter until the Court enters the Confirmation Order.
What’s the difference between pre-petition and post-petition debts?
Debts that you owe on the day your bankruptcy petition is filed are called “pre-petition” debts. The bankruptcy court has jurisdiction over pre-petition debts, and these debts are administered during your bankruptcy case. Debts that arise after your case is filed are called “post-petition” debts.
Can a post petition debt be discharged in bankruptcy?
Post-petition debt is all debt that you incur after your bankruptcy case is filed. These debts will not be a part of your bankruptcy case and cannot be discharged. You are still liable on this debt and must pay for it. The bankruptcy cannot help you with post-petition debt.
