5 Step Bankruptcy Process
1. Free Consultation.
We offer a free bankruptcy consultation to help you determine if bankruptcy is right for you. We will explain to you clearly and easily Chapter 13 and Chapter 7 for individuals. If other viable alternatives exist, we can help you evaluate your choices. With the 2005 changes in bankruptcy laws, it is important that you seek advice and not make any decisions without a full understanding of the facts. Under the 2005 laws, the days of filling out a few forms to file bankruptcy on your own have come to an end. We will help you understand the different forms of bankruptcy and determine which is best for your situation.
2. Fee Agreement.
Once you are ready to start the process we will review our retainer agreement – this is a standard agreement that outlines what we will be doing for you in the bankruptcy process. After you hire us we will go through a list of everything we will need to complete your bankruptcy papers. We are a full service law office that will be there for you from start to finish.
3. Your Petition is Prepared and Filed Electronically.
We prepare all of the necessary paperwork for your bankruptcy petition. Once we have completed the petition and reviewed it with you in detail to make sure it is complete and accurate, we file your bankruptcy petition instantly over the internet, giving you immediate protection from creditors, even before the court reviews your case.
4. Attend One Hearing.
Together we attend the initial hearing for your bankruptcy case. This is normally the only court proceeding you must attend – we will handle any other court appearances or filings on your behalf. This is usually held in a conference room and the agent of the court (Trustee) will typically ask you a few basic questions, such as your name, employment status, and if all of your debts and assets are included in the petition.
5. Discharge of Debts.
In a Chapter 7 case, approximately 60 days following the bankruptcy hearing you receive a discharge order from the court, wiping out your debts. For Chapter 13 bankruptcy, your debt is cleared following the completion of your scheduled repayment plan. For details on the different types of Bankruptcy click here for Chapter 7 or click here for Chapter 13.