The Bankruptcy Process
Initial Consultation
Schedule a Meeting: Contact our office to set up a free initial consultation.
Discuss Your Situation: Share your financial concerns, debts, and any related issues.
Receive Guidance: Our attorney will explain the bankruptcy options available to you, including Chapter 7 and Chapter 13 bankruptcy.
Choose Your Bankruptcy Type
Evaluate Options: Based on your financial situation, we will help you determine the most suitable bankruptcy option:
- Chapter 7: For those looking to eliminate unsecured debts quickly.
- Chapter 13: For individuals who want to reorganize debts and retain assets.
Gather Required Documents
Prepare Financial Information: Collect necessary documentation, including:
- Income statements
- List of debts
- Tax returns
- Bank statements
Complete Credit Counseling: Complete a credit counseling course from an approved agency within 180 days before filing.
Filing the Bankruptcy Petition
Complete the Petition: We will assist you in completing the bankruptcy petition and required schedules accurately.
File with the Court: Submit the completed petition and pay the filing fee, if applicable.
Automatic Stay Enforcement
Immediate Relief: Once filed, an automatic stay goes into effect, halting most collection actions, including lawsuits, wage garnishments, and foreclosure proceedings.
341 Meeting of Creditors
Attend the Meeting: A few weeks after filing, you will attend the 341 Meeting, where creditors can ask questions about your financial situation.
Legal Representation: Our attorney will be there to represent you and address any concerns raised by creditors.
Confirmation Hearing (Chapter 13 Only)
Present Your Repayment Plan: If filing for Chapter 13, you’ll present your repayment plan at a confirmation hearing.
Adjustments if Necessary: We will work with you to make any necessary adjustments to ensure your plan meets legal standards.
Debt Discharge or Repayment Plan
Complete the Process:
- In Chapter 7, once the court discharges your debts, you’ll receive a notice of discharge.
- In Chapter 13, adhere to your repayment plan, making regular payments to the bankruptcy trustee.
Post-Bankruptcy Guidance
Rebuilding Your Financial Future: After bankruptcy, we can provide guidance on rebuilding your credit and managing finances effectively.
Ongoing Support: Our firm remains available for any future legal needs as you work toward a stable financial future.
