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GLOSSARY OF TERMS - PAGE 12

Periodic Occurring at regular intervals, usually semi-annually or annually.

Petition A document used to begin a bankruptcy case. It can also be referred to as the facesheet of the bankruptcy schedules. The petition must be filed in order to begin bankruptcy proceedings, while other bankruptcy documents (such as schedules, statement of financial affairs, statement of intention, etc.) can be filed within 15 days after the filing of the petition document.

Post petition indebtedness Any debt incurred after the filing of the bankruptcy. Post petition charges are not under the jurisdiction of the bankruptcy and the post petition dollar amount can be collected without violation of the automatic stay.

Preference period A ninety-day window before the bankruptcy was filed. The trustee may recover any payments made to creditors in that time frame.

Presiding officer The trustee or a representative of the Trustee at a 341 meeting.

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