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Help deciphering this please

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    Help deciphering this please

    What does this section mean? Thanks.


    3.
    POST-CONFIRMATION
    RECOVERY
    OF
    PROPERTY
    .
    Debtor elects as follows:
    (Check One)
    Chapter 13 Plan Reform 2005
    - 3

    The trustee shall retain the right, post conf
    irmation, to recover moneys, to recover
    property and to avoid liens pursuant to
    11 U.S.C.
    sec.
    541, et seq. Any such recovery
    or avoidance shall, when liquidated, be disbursed to creditors as additional
    disposable income, in accordance with 11 U.S.C.
    sec.
    1325 (b); OR

    The debtor has calculated the right to r
    ecover moneys, to recover property and to
    avoid liens pursuant to 11 U.S.C.
    sec.
    541, et seq in the plan payment. As a result, the
    trustee shall not retain such further rights post confirmation
    Filed No Asset Ch. 7, pro se, 08/18/2008
    341 meeting is 09/25/2008
    Last day for objections is 11/24/2008
    Discharged: 11/28/2008

    #2
    I'm not sure if this is related to how property vests after confirmation. On our model plan, we have the question of whether "property of the estate will revest with the debtor".
    Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
    Status: (Auto) Discharged and Closed! 5/10
    Visit My BKForum Blog: justbroke's Blog

    Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

    Comment

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