Bring in financial information:
- Bank statements
- Tax returns
- Billing statements
- Vehicle titles
- Any other relevant legal paperwork
Guide to Chapter 7
Per the Bankruptcy Code, filers must take a credit counseling course before a petition can be filed. You may complete this course over the phone or online.
Once all of your information has been submitted, you have retained your lawyer and your course has been completed, your attorneys will begin drafting your petition.
After checking for inaccuracies, clients will then sign and date the petition. Upon filing, the Automatic Stay is in place, and your bankruptcy protection kicks in.
Per the Bankruptcy Code, filers must take a financial management course, commonly referred to as the “post-filing” course.You may complete this course on your own time.
Also typically known as a “341 Meeting,” the Bankruptcy Trustee will ask the bankruptcy debtor questions to ensure the bankruptcy Petition was prepared properly, and accurately describes the debtor’s assets, income, debts, and expenses.
Typically, the conclusion of the Meeting of Creditors marks the end of an active bankruptcy process. Clients can expect to receive their Discharge of Debts within about 8-10 weeks after meeting with the Trustee.