Bankruptcy terms starting with S

10 terms

1. schedules Detailed lists filed by the debtor along with (or shortly after filing) the petition showing the debtor's assets, liabilities, and other financial…
2. secured creditor A creditor holding a claim against the debtor who has the right to take and hold or sell certain property of the debtor in satisfaction of some or all of…
3. standing trustee A trustee with a permanent appointment to serve in Chapter 12 or 13 cases.
4. statement of financial affairs A series of questions the debtor must answer in writing concerning sources of income, transfers of property, lawsuits by creditors, etc.
5. statement of intention A declaration made by a chapter 7 debtor concerning plans for dealing with consumer debts that are secured by property of the estate.
6. statue of limitations A law that sets the time within which parties must take action to enforce their rights.
7. straight bankruptcy Proceedings under Chapter 7.
8. Subpoena A command to a witness to appear and give testimony.
9. substantive consolidation Putting the assets and liabilities of two or more related debtors into a single pool to pay creditors.
10. summary judgment Either party can make a motion (a request) that the Court decide the case based solely on the pleadings or documents that have been filed.