Posts Tagged 'Riverside Bankruptcy Trustee Karl Anderson'

Continued Meetings of Creditors in Riverside

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From time to time a meeting of creditors for bankruptcy examinations must be continued for various reason: either the debtor did not appear or the attorney did not appear or the trustee wants more information or the United States Trustee wants more time to complete it investigation.

If the Trustee continues a matter, he or she must comply with the rules in the “Chapter 7 Trustee’s Handbook” issued by the United States Trustee. The following is from the handbook:

“Any ...

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Late filed bankruptcy amendments

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As I sit in the Riverside Chapter 7 meeting of creditors room and watch the debtors go talk to chapter 7 panel trustee Karl Anderson. I see attorneys hand the trustee amendments that were done the day before the hearing. Or amendments that have not yet been filed.  These late amendments to the petition pose two problems for the trustee.

First the Trustee has not seen the amendment and has not had time to review it. If he takes the time ...

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Bankruptcy Dependents and Tax Returns

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September 24, 2014

 

Chapter 7 Riverside Bankruptcy Trustee Karl Anderson was the Trustee the other day as I sat in the meeting of creditors room. As we have discussed in previous posts. Mr. Anderson is a CPA. As an accounting professional he is adept at interpreting the clients tax returns.

AS a reminder under 11 U.S.C. 521 the client or attorney must send the Chapter 7 trustee a copy of the most recently filed tax return at least 8 days before the ...

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521 Debtor’s Duties

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Chapter 7 Trustee Arturo Cisneros reviews the debtor’s Statement of Intention. If the debtor says that he is surrendering a vehicle, then the Trustee wants the vehicle to be surrendered prior to the meeting of creditors. If the vehicle is not surrendered, then he asked that it be surrendered within 10 days and that a letter be sent to the creditor to have the vehicle picked up. Trustee Cisneros also asks that a letter be sent to him ...

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More than 50% of Support

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Chapter 7 Riverside Bankruptcy Trustee Karl Anderson. As noted in previous posts, Mr Anderson is a CPA as well as a Bankruptcy Trustee. Mr. Anderson reviews each of the tax returns provided by the debtors at the hearings.

One of the questions he asks to the debtors has to do with the dependents listed on the tax return. Trustee Anderson will ask “Have you given to the dependent more than half of the dependent’s support.”

This question comes up when ...

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