Chapter 7 Bankruptcy

26 Oct Should I Be Worried About Going To My Meeting of Creditors?

After you file a bankruptcy case, you are required to attend a meeting of creditors. This is scheduled for about a month after your petition is filed, and is usually the only appearance you will need to make during the bankruptcy process. Should you be...

Read More

29 Aug Bankruptcy Petition Schedules Reveal Your Basic Information

Filing a bankruptcy petition is a process in which you disclose important information about your assets, your debts and your income and expenses. Anyone looking at your petition can usually see all they need to know about your financial condition by studying your bankruptcy schedules. Who will be looking at your bankruptcy schedules? Your bankruptcy petition is public information, accessible and available for anyone to view. Usually, however, the only ones who will study your schedules include the trustee assigned to your case, the United States Trustee’s office, and any creditors who care to.
Read More

06 Aug How Many Times Can You File Chapter 7 Bankruptcy?

After scouring the Internet, sitting down with lawyers and searching your soul (and monthly expenses), you’ve decided to file Chapter 7 bankruptcy. Still, you're worried about the future - what happens if you file for bankruptcy now and get into financial trouble later on? Chapter 7 exists to help you get out of debtquickly and easily. Tally up your bills, make sure you pass the means test, account for any non-exempt assets, and away you go. An experienced bankruptcy lawyer can help get you into a better position relatively fast. To paraphrase Mark Twain, it's easy to file for Chapter 7 bankruptcy - you can do it hundreds of times. The real question, however, is whether you can get what you want - a discharge of debts - when your case is filed.
Read More