Source: https://www.sagarialaw.com/section-527-disclosures.html
Timestamp: 2017-10-19 05:16:20
Document Index: 230015368

Matched Legal Cases: ['§ 527', '§ 342', '§ 506', '§ 707', '§ 1301', '§ 707', '§ 521', '§ 707', '§ 707', '§ 506']

Section 527 - Disclosures :: Santa Clara County Bankruptcy Attorneys SagariaLaw
Disclosures- Section 527
11 USCS § 527
(1) the written notice required under section 342(b)(1) [11 USCS § 342(b)(1)]; and
(B) all assets and all liabilities are required to be completely and accurately disclosed in the documents filed to commence the case, and the replacement value of each asset as defined in section 506 [11 USCS § 506] must be stated in those documents where requested after reasonable inquiry to establish such value;
(C) current monthly income, the amounts specified in section 707(b)(2) [11 USCS § 707(b)(2)], and, in a case under chapter 13 of this title [11 USCS §§ 1301 et seq.], disposable income (determined in accordance with section 707(b)(2) [11 USCS § 707(b)(2)]), are required to be stated after reasonable inquiry; and
(c) Except to the extent the debt relief agency provides the required information itself after reasonably diligent inquiry of the assisted person or others so as to obtain such information reasonably accurately for inclusion on the petition, schedules or statement of financial affairs, a debt relief agency providing bankruptcy assistance to an assisted person, to the extent permitted by nonbankruptcy law, shall provide each assisted person at the time required for the notice required under subsection (a)(1) reasonably sufficient information (which shall be provided in a clear and conspicuous writing) to the assisted person on how to provide all the information the assisted person is required to provide under this title pursuant to section 521 [11 USCS § 521], including--
(1) how to value assets at replacement value, determine current monthly income, the amounts specified in section 707(b)(2) [11 USCS § 707(b)(2)] and, in a chapter 13 case, how to determine disposable income in accordance with section 707(b)(2) [11 USCS § 707(b)(2)] and related calculations;
(3) how to determine what property is exempt and how to value exempt property at replacement value as defined in section 506 [11 USCS § 506].