creditor: One to whom the debtor owes
money or who claims to be owed money by the debtor.
credit counseling: Generally refers
to two events in individual bankruptcy cases: (1) the “individual
or group briefing” from a nonprofit budget and credit counseling
agency that individual debtors must attend prior to filing under
any chapter of the Bankruptcy Code; and (2) the “instructional
course in personal financial management” in chapters 7 and 13
that an individual debtor must complete before a discharge is
entered. There are exceptions to both requirements for certain
categories of debtors, exigent circumstances, or if the U.S.
trustee or bankruptcy administrator have determined that there are
insufficient approved credit counseling agencies available to
provide the necessary counseling.
creditors’ meeting see 341
current monthly income: The average
monthly income received by the debtor over the six calendar months
before commencement of the bankruptcy case, including regular
contributions to household expenses from nondebtors and income
from the debtor’s spouse if the petition is a joint petition,
but not including social security income and certain other
payments made because the debtor is the victim of certain crimes.
11 U.S.C. § 101(10A).