The first step would be to look at the reality of the situation. Have you been “treading water” with high interest rates and minimum payments for years?
Have you experienced a dramatic change in your financial situation due to a job loss, divorce, or medical condition?
If so, you should ACT NOW. The first step in the process is scheduling a FREE BANKRUPTCY CONSULTATION.
Scheduling a free consultation is easy – CALL 877-673-3282 or use our contact form to request an appointment.
At the initial bankruptcy consultation, a licensed bankruptcy attorney will complete an inventory of your assets and determine your household income vs. expenses. This information will allow the attorney to quickly ascertain whether you qualify for a Chapter 7 or if a Chapter 13 bankruptcy is a better fit, based upon your unique situation.
We can come up with a payment plan to suit almost anyone’s means. Our firm takes pride in making payment plans work for our clients. Our clients typically ask us how they can even afford to hire an attorney given their financial situation. You would be surprised what we could come up with!
Next, we completed a draft of the bankruptcy petition and all schedules. Once your schedules are complete, we will file your case with the United States Bankruptcy Court which triggers the “Automatic Stay”. This is the area of the law that stops all debt collection, lawsuits, phone calls and everything else that is causing you great stress day in and day out.
The filing of the bankruptcy case will also trigger a “Meeting of Creditors” whereas you will meet with the Trustee (a Court Appointed Attorney) to present your identification and verify that the schedules are accurate and that we have disclosed all income and assets. This meeting typically takes place within about 60 days or less.
This meeting is usually NOT in an intimidating Courtroom. You will be prepared for this meeting and it should not be a major event in your life. It is unlikely that creditors actually show at this meeting – or at least I should know if they plan to attend.
Our firm will do everything possible to ensure there are no surprises for you on this stressful day. In general – there are several hearings scheduled every hour, so they tend to move along quickly.
So long as everything “checks out” during the meeting – you should expect the trustee to mark your case as a “no asset” situation.
In other words, there are no “exposed” assets to disburse to unsecured creditors.
From there you should expect to receive discharge within about 90 days.
Typically, there are no additional hearings or meetings, unless you schedule an appointment with questions.
Following your discharge you will receive a personalized LIFE AFTER BANKRUPTCY packet. Our exclusive life after bankruptcy program contains information and tips crucial to rebuilding your credit in an expedited manner.
Our firm will provide you with a step by step process on how to rebuild your credit in the shortest amount of time possible.