C. Novak # 19-41478

U.S. Bankruptcy Court Minnesota District

Case Summary


Title: C. Novak
District: Minnesota Bankruptcy Court
Division:
Type: bk
Asset:
Vol:
Trustee:
Chapter: 13
Entered:
Filed: May 15, 2019
Debtor Class:
Nature of debt: ********
Fee:
Judge:

Chapter 13 Bankruptcy Information


Chapter 13 bankruptcy is a way to reorganize debt and pay creditors in a manner that is manageable by the debtor. Chapter 13 is different from Chapter 7, which liquidates unsecured debts and no payments are made. Under this chapter, debtors propose a repayment plan to make installments to creditors over three to five years. If the debtor's current monthly income is less than the applicable Minnesota state median, the plan will be for three years unless the court approves it can be longer. If the debtor's current monthly income is greater than the applicable Minnesota state median, the plan generally must be for five years. Any individual, even if self-employed or operating an unincorporated business, is eligible for chapter 13 relief as long as the individual's unsecured debts are less than $394,725 and secured debts are less than $1,184,200. These amounts are adjusted periodically to reflect changes in the consumer price index. A corporation or partnership may not be a chapter 13 debtor. You can read about more here about 11 U.S. Code 109 - Who may be a debtor.

Party Summary


Carey Ann Novak and John Fitzgerald Novak (Party

   
     

Docket Summary

Date Doc # Description
07/16/2019 MNB Minutes re: Ch 13
07/16/2019 13MNB Order confirming chapter 13 plan (fees)
[MNB Order confirming chapter 13 plan (fees)]
05/29/2019 11MNB Certificate of completion of financial management course
[MNB Certificate of completion of financial management course]
05/29/2019 12MNB Certificate of completion of financial management course
[MNB Certificate of completion of financial management course]
05/16/2019 MNB Notice of debtor's prior filings
05/16/2019 8MNB Meeting of Creditors Chapter 13
[MNB Meeting of Creditors Chapter 13]
05/15/2019 1MNB Voluntary chapter 13 petition (fee)
[MNB Voluntary chapter 13 petition (fee)]
05/15/2019 2MNB Chapter 13 plan
[MNB Chapter 13 plan]
05/15/2019 3MNB Certificate of credit counseling
[MNB Certificate of credit counseling]
05/15/2019 4MNB Signature declaration
[MNB Signature declaration]
05/15/2019 5MNB Income records of Debtor (payment advices)
[MNB Income records of Debtor (payment advices)]
05/15/2019 6MNB Notice of responsibilities of chapter 13 debtors and their attorneys
[MNB Notice of responsibilities of chapter 13 debtors and their attorneys]
05/15/2019 MNB Add creditor to matrix
05/15/2019 none
05/15/2019 7MNB Application for compensation preconfirmation Ch 13
[MNB Application for compensation preconfirmation Ch 13]

For more information you can read more about chapter 13s here Chapter 13 Bankruptcy Basics

They also have a pretty good video on the types of bankruptcy which we have provided below

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