N is for No Asset Report

Ch7 bk | 13. Jan, 2012 by | 10 Comments

In a Chapter 7 bankruptcy, the bankruptcy trustee is responsible for reviewing your case and seeing if there are any assets that can be used to pay creditors. In most cases, there are no nonexempt assets (See my previous post on Exemptions for more background) or the assets that are not exempt aren’t worth enough to make it worthwhile for the trustee to sell it. When the trustee determines there is nothing to sell or use to pay creditors, he/she will file a No Asset Report with the bankruptcy court.

The No Asset Report is one of the major stepping stones towards closing your Chapter 7 case. After the No Asset Report is filed, your case will usually finish out in 30-60 days.

For more N terms:
Nondischargeable Debt-Omaha and Lincoln, Nebraska Bankruptcy Attorney, Ryan D. Caldwell
Naked-New York Bankruptcy Lawyer, Jay S. Fleischman
Nondischargeable-Northern California Bankruptcy Lawyer, Cathy Moran
Notice Colorado Springs Bankruptcy Attorney Bob Doig
No Asset-Metro Richmond Consumer and Bankruptcy Attorney, Mitchell Goldstein
Nondischargeable-Metro Richmond Consumer and Bankruptcy Attorney, Mitchell Goldstein
Notice-Taylor, Michigan Bankruptcy Attorney, Chris McAvoy
Never-Cleveland Bankruptcy Attorney William Balena
Non-exempt Property-Miami Bankruptcy Attorney, Dorota Trzeciecka
Negative Notice-Jacksonville Bankruptcy Attorney J. Dinkins G. Grange
NACBA-Wisconsin Bankruptcy Lawyer, Bret Nason
Numbers and New Bankruptcy Laws-Los Angeles Bankruptcy Attorney, Mark J. Markus
California Northern Bankruptcy Court-Marin County Bankrupttcy Lawyer, Cate Eranthe
Notice of Rights to Claim Exemptions-Charlotte Bankruptcy Attorneys, Collum & Perry
Non-Attorney-Bankruptcy Livonia Michigan Bankruptcy Attorney, Peter Behrmann
Negative Impact on Credit and Bankruptcy-Philadelphia Suburban Bankruptcy Lawyer, Chris Carr
Negative Notice-Jacksonville Bankruptcy Attorney J. Dinkins G. Grange
No Asset Case-Pittsburgh Bankruptcy Attorney, Shawn N. Wright
National Mortgage Settlement-Lakewood, CA Bankruptcy Attorney, Christine Wilton

Trackbacks/Pingbacks

  1. Debt Consolidation Instead Of Bankruptcy - 27. Jan, 2012

    […] Honolulu Bankruptcy Lawyer, Stuart T. Ing tells you about the No Asset Report. […]
  2. Bankruptcy Alphabet From A – Z — JC Law Group - 03. Feb, 2012

    […] No Asset Report […]
  3. "N" Is For Notice To Creditors | Downriver Bankruptcy - 20. Feb, 2012

    […] No Asset Report […]
  4. Bankruptcy Alphabet: N is for Numbers and New Bankruptcy Laws | Bankruptcy Blog from Los Angeles Attorney - 01. Mar, 2012

    […] No Asset Report–Honolulu Bankruptcy Lawyer, Stuart T. Ing […]
  5. Bankruptcy A to Z - N is for Northern District of California | Marin Bankruptcy Lawyer - 11. Mar, 2012

    […] No Asset Report by Honolulu Bankruptcy Lawyer, Stuart T. Ing […]
  6. Non-Attorney Bankruptcy in Livonia Michigan Chapter 7 and 13 | Livonia Michigan Bankruptcy - 30. Apr, 2012

    […] No Asset Report – Honolulu Bankruptcy Lawyer, Stuart T. Ing       […]
  7. Negative Impact of Bankruptcy on Credit and How to Overcome it. « Christopher Carr, Esq. on Debt Relief - 11. Jul, 2012

    […] No Asset Report Honolulu Bankruptcy Lawyer, Stuart T. Ing http://www.bankruptcyhi.com/2012/01/n-is-for-no-asset-report/ Non-exempt Property Miami Bankruptcy Attorney, Dorota […]
  8. N is For National Mortgage Settlement and Bankruptcy | Chapter 11 Bankruptcy Los Angeles California - 17. Aug, 2012

    […] No Asset Report – Honolulu Bankruptcy Lawyer, Stuart T. Ing […]
  9. N is For National Mortgage Settlement and Bankruptcy : Los Angeles Bankruptcy Law Monitor - 18. Aug, 2012

    […] No Asset Report – Honolulu Bankruptcy Lawyer, Stuart T. Ing       […]
  10. Huntington Beach Bankruptcy Lawyer - Law Office of Christine A. Kingston » N is For National Mortgage Settlement and Bankruptcy - 19. Apr, 2016

    […] No Asset Report – Honolulu Bankruptcy Lawyer, Stuart T. Ing       […]

Leave a Reply

You must be logged in to post a comment.