The Meeting of Creditors, sometimes called the 341 Meeting after the section of the bankruptcy code that describes it, is a meeting held with your bankruptcy trustee and your creditors around six weeks from the date when your bankruptcy attorney filed your bankruptcy petition. Approximately 15 days after your Chapter 7 bankruptcy filing, the court [...]
In the Chapter 7 process, the Statement of Intention is a written statement that outlines your intentions to keep or surrender your secured property, such as a home or car. Typically drafted by your bankruptcy attorney, this must be filed without 30 days of filing your bankruptcy petition or before the creditors’ meeting, whichever comes [...]
The Debtor Education Course – Your “Ticket Out” of the Bankruptcy Process The Debtor Education Course is a mandatory part of the Chapter 7 bankruptcy filing process, which must be completed after your bankruptcy attorney has filed your bankruptcy petition, but before you receive a discharge. Courses are available in person, by phone and via [...]
Before you’re legally allowed to file for Chapter 7, you’ll have to complete a Credit Counseling Briefing with an agency listed in the registry of the U.S. Trustee’s office. Your bankruptcy attorney can direct you to how and where to take this mandatory course. Keep in mind: this requirement is not optional. Some bankruptcy cases [...]