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Recent Priority Claims questions

I am serving as Reciever for a closed hospital whose

I am serving as Reciever for a closed hospital whose operations were leased to a private company that went into total bankruptcy. We have collected accounts that were owed the operations as Reciever. I was informed that the company had not paid the IRS the Social Security for the last year on the employees. As Reciever should the. Remaining cash collected go to IRS for payment of the withholding taxes taken from employees?JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: The owners of company were prosecuted in another state and are in Federal corrections system. How do we advise the local judge?

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We just got this from one company, they have an opened

We just got this from one company, they have an opened invoice of about $17,000.00 what should we do?Choxi.com, Inc. - Debtor's Motion Pursuant to Sections 105(A), 332 and 363 of the Bankruptcy Code [Docket No. 11], Declaration of Tracy L. Klestadt [Docket No. 12] and Order to ShowCauseScheduling Hearing on Shortened Notice [Docket No. 14]On December 5, 2016, the Debtor filed a voluntary petition for Choxi.com, Inc. (the “Debtor”) in the United States Bankruptcy Court for the Southern District of New York (Case No. 16-13131) seeking relief under the provisions of Chapter 11 of the United States Bankruptcy Code.Rust Consulting/Omni Bankruptcy is providing you with a copy of the attached document(s):Debtor's Motion Pursuant to Sections 105(a), 332 and 363 of the Bankruptcy Code and Bankruptcy Rules 2002 and 6004 (A) for an Order (i) Approving License Agreement with Stalking Horse Bidder on an Interim Basis, (ii) Scheduling Bid Procedures Hearing and (iii) Directing the Appointment of a Consumer Privacy Ombudsman, (B) for an Order (i) Approving Bid Protections, (ii) Approving Bid Procedures, (iii) Scheduling an Auction and Final Hearing and (iv) Approving the Form and Manner of Notice Thereof and (C) for an Order Approving License Agreement on a Final Basis or Sale to Successful Bidder Free and Clear of all Liens, Claims and Encumbrances [Docket No. 11]· Declaration of Tracy L. Klestadt Pursuant to Local Bankruptcy Rule 9077-1 in Support of Order to Show Cause Scheduling Hearing on Shortened Notice [Docket No. 12]Order to Show Cause Scheduling Hearing on Shortened Notice on the Debtor's Motion Pursuant to Sections 105(a), 332 and 363 of the Bankruptcy Code and Bankruptcy Rules 2002 and 6004 (A) for an Order (i) Approving License Agreement with Stalking Horse Bidder on an Interim Basis, (ii) Scheduling Bid Procedures Hearing and (iii) Directing the Appointment of a Consumer Privacy Ombudsman, (B) for an Order (i) Approving Bid Protections, (ii) Approving Bid Procedures, (iii) Scheduling an Auction and Final Hearing and (iv) Approving the Form and Manner of Notice Thereof and (C) for an Order Approving License Agreement on a Final Basis or Sale to Successful Bidder Free and Clear of all Liens, Claims and Encumbrances [Docket No. 14]

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DrakeLAW

Juris Doctorate

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I have another Bankruptcy question that has arisen and am

Hello,I have another Bankruptcy question that has arisen and am looking for help. My office is a govt agency that is a division of the CalEPA. Lets assume our claim is a non-priority claim. A company owed our office $30,000 from many, many years ago and then filed a chapter 11 bankruptcy in 1991. We therefore filed a Proof of Claim for the amount of money the company owed our agency. In 2010, the BK was converted to a chapter 7 case and the docket says "voluntary" and "assets". The docket also says "debtor disposition: discharge is not applicable" and that the BK was later terminated on 12/15/15.1. Hence, what happened to our Proof of Claim, meaning why didn't we get any payments? 2. Also, since this company is still in business today, could we still go after them for the money they owed us through regular collection efforts?

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DrakeLAW

Juris Doctorate

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Im a law clerk at a government agency looking into

Im a law clerk at a government agency looking into bankruptcy issues. Years ago we filed a Proof of Claim on a company that had filed ch 11. The BK has since been terminated (in 2015), not sure what that means since the case was terminated rather than discharged. Do we have a claim here? How would we collect? Or what happened to the debt owed to our office?

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DrakeLAW

Juris Doctorate

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This is a chapter 13 question. The debtor owes a significant

This is a chapter 13 question. The debtor owes a significant amount for unpaid income taxes. No allegations of fraud, etc. It was just assessed during 2015. The debtor has not yet filed a petition, but is in the process of drafting the chapter 13 plan. Because placing the entire amount of the unpaid taxes within the plan would drastically increase the monthly plan payment, the Debtor wants to leave her taxes out of the plan and pay the IRS directly while in chapter 13. Is this possible or does the entire tax debt have to be paid inside the chapter 13 plan. thank you in advance for your assistance.

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In a chapter 13 banktrupty that started may of 2010. I had a

In a chapter 13 banktrupty that started may of 2010. I had a 2008 Nissan Armada financed thru Nissan Motor Acceptance Corp. Balanced owed was roughly $35,000 and lawyer did a cramdown which the actual vehicle worth was $28,000. The remaining $7,000 was unsecured non priority claim. So I had to pay roughly $500 over the 60 month bankruptcy plan. The $7,000 balance was originally not gonna get paid due to the priority claims being paid first and wasn't anything left to be unsecured debt. So in January of 2014 the vehicle was in and accident and deemed a total loss by my insurer state farm insurance. So finally in August of 2014 we received a settlement from state farm and Nissan stating The vehicle is worth $17,000 and Nissan had the title and would need that $7,000 unsecured claim to release title. So state farm paid Nissan the $7,000 and and I received a check for $10,000. The $28,000 secured claim was paid in full from trustee and Nissan received $7,000 from state farm for the unsecured part. So account paid in full. Trustee then issued Nissan a check for $4,700 on September of 2014 to go toward the unsecured portion of $7,000. I called Nissan and they did admit that the account was overpaid and that they would get with trustee to see what they should do. So I called Nissan today and was told that the they spoke with trustee office and was told it was no refund due. Nissan also stated that since the account was charged off they were entitled to finance charges. So my question is that legally possible?? Can the trustee make that decision?? The plan was in place for 0% interest over the 60 months for that particular account.

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I am thinking about filing chapter 13. How are taxes handled

I am thinking about filing chapter 13. How are taxes handled in chapter 13. We owe for 2009, 10, 11, 13. All taxes were filed on time or within the extention time frame

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Ely

Counselor at Law

Juris Doctor

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In Chapter 11 bankruptcy case 03-00945, Fleming Foods; handled

In Chapter 11 bankruptcy case 03-00945, Fleming Foods; handled by the BMC Corporation (Bankruptcy Management Corporation)I was a named creditor with an unsecured priority claim for contributions to an employee benefit plan-11 U.S.C.507(a)(4). I thought I understood that unsecured priority claims did not require submitting proof of claim. I did call the BMC Corporation and asked if they had a claim for me and was told no at that time. The case closed this year in 2014, my question is, would the debt have been discharged without consideration of my claim and if not, what are the steps involved in getting my money? I did find my name listed in Pacer on a list of creditors. I have not been able to find my name on a schedule because of the number of debtors and creditors involved in this bankruptcy. Thank you for your time, it is valuable to me. I look forward to hearing from you soon.

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Last year I made a purchase from a company which has entered

Last year I made a purchase from a company which has entered involuntary chapter 7 bankruptcy. I made my purchase around 9 months before this occurred, in which the guaranteed delivery date was missed and a refund was never processed. I would like to know if my proof of claim should show this debt as entirely unsecured or if some part of it would fall under 'Entitled to Priority under 11 U.S.C. §507(a)'.

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TJ, Esq.

Juris Doctor (JD)

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