What to Expect During Your Bankruptcy Filing
INITIAL CONSULTATION
During the initial consultation your specific situation will be reviewed and discussed, the process of bankruptcy will be explained, options available in Bankruptcy will be analyzed by our experienced attorneys, fees and costs will be discussed and questions will be answered.
INTAKE/QUESTIONNAIRE
Potential clients who have internet access will be emailed instructions to fill out an online questionnaire. Those potential clients who do not have internet access can do an interview by mail, over the phone or in person.
DOCUMENTS
After the interview/questionnaire is done, the client will be given a list of documents needed from them.
CERTIFICATE OF CREDIT COUNSELING
Bankruptcy Court requires that all bankruptcy filers obtain a credit counseling certificate. Names and contact information of credit counseling providers are available on our site and will be provided to you during your initial consultation.
INTERNAL BANKRUPTCY TEAM
After payment for the legal fee and filing fee is taken care of, then our bankruptcy team works hard to get your case ready to file. Comparative market analysis of your real estate is done by our Realtors, title searches are conducted by our in house counsel, Kelly blue books are obtained to get the fair market value of your vehicles and all information is data entered. A draft copy of your petition is printed and then reviewed by an attorney.
PROCESSING COURT DOCUMENTS
Once you return your signed petition to our office, we will file your case electronically.
NOTICE OF CREDITOR MEETING (341 HEARING)
Within a couple of weeks from filing, you will receive, by mail, correspondence from the bankruptcy court. There will be a document informing you of your court appointed trustee and your court date information, including date, time and place for you to appear with your attorney from our office.
CREDITOR MEETING (341 HEARING) for Chapter 7 and Chapter 13
This meeting will probably last 5 to 10 minutes and will be based on the information provided in the documents we initially filed with the court. Most Chapter 7 Bankruptcy clients NEVER see the inside of any real court room. Under normal procedures in Chapter 7 bankruptcy cases, the creditor meeting is the only court scheduled date you will attend.
Chapter 13 bankruptcy clients will also have to attend a creditor meeting, similar to the Chapter 7 meeting.
DISCHARGE OF DEBTS
Typically, 60 days after your creditor meeting a discharge of your unsecured debt is issued by the court in Chapter 7 cases. Shortly thereafter, you will receive an Order signed by the Bankruptcy Judge discharging you of your debts, which means that legally you do not owe any money to the creditors listed in your bankruptcy case (some exceptions). Your case will then be closed and you are off and running with a fresh financial start.
To know more please
- Preparing For Bankruptcy - Income Makes a Difference When Filing For Chapter 7 Bankruptcy
- Automatic Stay in Bankruptcy - How Long Does the Automatic Stay Last?
- Debt Settlement Versus Bankruptcy - Which is Better?
- Bankruptcy - Learn What Bankruptcy Really is and Help Your Debt Case With Debt Relief
- Liens in Bankruptcy Cases
- Bankruptcy and Buying a Home Tips
- Green Shoots in the Economy - Bankruptcy Increases by 100
- Reasons For a Corporation to Consider Filing For Bankruptcy
- How Long Does Bankruptcy Affect Your Life?
- San Bernardino Bankruptcy Lawyers - Helping You Through One of Life's Toughest Times
- Creditor Exposure in Retail Bankruptcies
- Introducing Birth Bonds to Help Overcome Bankruptcy at Birth
- Ohio Chapter 13 - Which One Should I File?
- Chapter 7 Bankruptcy - Am I a Bad Person For Filing Bankruptcy?
- Chapter 7 Bankruptcy - Common Questions About Filing Bankruptcy
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