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When Should you Consider Chapter 7?
If you are having trouble making payments every month, or if you have an illness that won’t allow you to work, then filing for Chapter 7 may be a way for you to get a new start.
Chapter 7 Bankruptcy Process
Chapter 7 can be handled in as little as 3 months. Usually it requires filing of some paperwork and a brief appearance in front of a bankruptcy trustee. By hiring one of our expert Chapter 7 bankruptcy attorneys, we can handle this process for you.
A credit counseling certificate is required in order to qualify for a Chapter 7 bankruptcy. Usually this certificate costs $50 or less and proves that you understand how to use credit in the future.
Getting Protection From Creditors
The Automatic Stay
Once you have completed your credit counseling, you are now eligible to obtain a bankruptcy number. You do this by filing for what is called a skeleton or emergency petition.
Bankruptcy Protection Begins
Creditors Will back Off
If any creditors call at this point, simply provide them with your filing # and the court your bankruptcy is being handled in. All proceedings to garnish wages, repossess cars, and foreclose home will also grind to a halt.
Schedule 341 Hearing
About 30 days after your bankruptcy has been filed, a 341 hearing will be scheduled. This meeting is conducted by the bankruptcy trustee appointed by the court.
Discharge Of Debts
Become Debt Free
Within 60 to 90 days after the creditors’ meeting, we will receive your discharge order from the court. This letter will state that all legally dischargeable debts are discharged in your case.
What Happens To Your Home?
Fortunately all states have laws that allow you to keep a good deal of your personal property (homes, cars, retirement accounts).
There are some exceptions to this, and it is a good idea to speak with one of our attorneys who can help you determine what personal property you can keep.
With a Chapter 7 bankruptcy you can remove most debts that you have incurred.
A Chapter 7 allows you to start over by wiping the slate clean. Find out if you qualify.
You may be eligible to keep your home, car, and retirement accounts. Find out how.
Did You Know? You may be able to stay in your home payment free? Sometimes greater than a year…
Did You Know? A Chapter 7 can be filed with the courts, and you can be debt free in 60-90 days?
Did You Know? You may qualify to keep all of your assets such as your home, car, and retirement accounts. Find out how?
Ready For Us To Analyze Your Bankruptcy Situation?
Book your complimentary call with one of our expert San Diego Chapter 7 lawyers. By the end of your call, you should know what your best next steps will be.