OF TERMS - PAGE 15
— In the context of bankruptcy recovery, the act of repaying
debt incurred as a result of fraud or abuse. The Court usually
imposes this. The Court will
order the debtor to pay back all or a part of the debt usually as
a result of a conviction or a plea bargain.
A monetary penalty placed upon a party or its attorney in response
to a violation of the Bankruptcy Code or rules. The penalty ranges
in dollar amount depending on the violation, the intent of the
party, and the district in which the violation occurred.
— Written information given by the debtor filed with the
Bankruptcy Court on the day of filing or by the 15th day after.
These forms give the bankruptcy court and trustee a financial
picture of the debtor and are required to be filled out truthfully
and accurately under penalty of perjury. These schedules include
items such as the petition, the Schedule of Income and Expenses,
the Statement of Financial Affairs, etc.
— A creditor holding a lien on property (i.e., judgment) or a
debt that is secured with collateral.