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.
Filing the Petition: After receipt of all this information from you, I will compile and prepare your petition. Because the petition preparation and filing are done electronically, it can be done very quickly if necessary.
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.
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.
Notice of 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. 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.
Relief!
For many people, bankruptcy is the best option to obtain relief from harassing telephone calls and intimidating lawsuits. Collection agencies will call you day and night, and couldn’t care less to hear about your hardship circumstances. Creditors have high-priced attorneys who will spare no expense in coming after you. But there are powerful federal bankruptcy laws that exist to give honest debtors an effective way to deal with creditors, and their collection agents and attorneys. And you are off and running with a fresh financial start.
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