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.

01 Sep 2010 00:36:27

Bankruptcy court approves Visteon Chapter 11 plan

Town Hall Bankruptcy court approves Visteon Chapter 11 plan The Associated Press A federal judge has confirmed auto parts supplier Visteon's reorganization plan, clearing the way for the company's emergence from bankruptcy . Visteon, a ... Visteon Retiree Accord Eases Path to Bankruptcy Exit Visteon approved to exit bankruptcy Visteon wins approval of bankruptcy exit plan - -

Source: http://google.com/hostednews/ap/article/ALeqM5hU_CZSWM76mA3d~

01 Sep 2010 00:21:56

Tribune Board Sets Panel to Oversee Bankruptcy

Reuters Tribune Board Sets Panel to Oversee Bankruptcy ABC News By Tom Hals WILMINGTON, Delaware (Reuters) - Tribune Co's board has formed a special committee to oversee the media company's bankruptcy , which unraveled ... Tribune Co. forms panel to oversee bankruptcy reorganization Tribune Board Forms Committee to Oversee Newspaper's Reorganization Plan Tribune Co. forms committee after lenders withdraw

Source: http://abcnews.go.com/Business/wireStory

31 Aug 2010 23:56:33

Young Buck files for Chapter 13 bankruptcy

SOHH Young Buck files for Chapter 13 bankruptcy The Tennessean AP August 31, 2010 Two days after the IRS conducted a surprise morning raid on his Hendersonville home, local rapper Young Buck voluntarily filed for ... Bankruptcy Won't Stop Young Buck's Feud With 50 Cent No-Cashville: Young Buck Files for Bankruptcy Rapper Young Buck Files For Bankruptcy - -

Source: http://tennessean.com/article/D4/20100831/NEWS01/100831037/Y~

31 Aug 2010 15:04:24

JAL submits plan to emerge from bankruptcy

Reuters JAL submits plan to emerge from bankruptcy MarketWatch NEW YORK (MarketWatch) -- Japan Airlines Corp. on Tuesday submitted a bankruptcy -emergence plan to a Tokyo court, according to The Wall Street Journal. The ... JAL To Slash Workforce As Part Of Restructuring Japan Airlines slashes workforce Heard on the Street: JAL Failure, ANA Tail Wind for Now - -

Source: http://marketwatch.com/story/jal-submits-plan-to-emerge-from~

20 Aug 2010 09:00:21

Полтора миллиона американцев могут стать банкротами

Вести.Ru Полтора миллиона американцев могут стать банкротами Вести.Ru Число банкротств потребителей в США по итогам текущего года может вырасти до 1,6 млн человек с 1,4 млн человек годом ранее, свидетельствуют данные отраслевой группы American Bankruptcy Institute. Впервые с 2005 года квартальный уровень банкротства превысил 400 тысяч. Пять лет назад Конгресс ...

Source: http://vesti.ru/doc.html

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