Sunday, December 19, 2010

Testamentsvollstrecker certificate & bankruptcy

Testamentsvollstrecker certificate is the process to manage the will of the deceased. A person responsible is the executor of the estate for wishes in the will. If you are the executor of the estate of a person who died in the bankruptcy process, it options, concerned be considered depending on the type of bankruptcy. Chapter 7 BankruptcyChapter 7 active bankruptcy liquidation proceeds if the debtor prior to the completion of the process died. As executor of the estate to participate meeting, provided that the deceased had attended a previous session. In General, the transition debt died, called bankruptcy 13 bankruptcy includes must meet a debtor payment plan 13 discharge.Chapter BankruptcyChapter, money owed to creditors to resolve. If the debtor in the process dies, the issue is can continue in chapter 13, Chapter 7 status be converted or rejected. Affair under Chapter 13 further payments to creditors can continue.Hardship DischargeYou must request a discharge of the difficulties to succeed if chapter 13 bankruptcy, continued after the debtor died. As executor of the estate, you are required, the Court of Auditors to prove bankruptcy creates a situation of the debtor's death the impossible the continue to payments under the scheme.

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