Chapter 7 Bankruptcy: The Process
Are you thinking of filing for Chapter 7 bankruptcy? This is not the kind of decision that you should make on your own. You are well advised to speak to a firm of expert Brooklyn NY bankruptcy lawyers in order to get a clearer picture of what to expect from this process.
What Are the Steps of the Chapter 7 Bankruptcy Process?
These are the usual steps that you will follow in order to file for Chapter 7 bankruptcy. A bankruptcy law firm in Brighton Beach can give you further advice in this matter.
You must receive mandatory credit counseling for a period of 6 months prior to filing for Chapter 7 bankruptcy.
You must fill out the required forms.
The court will appoint an official trustee to handle your case.
You will then receive a notice from the court informing you of when the meeting of your creditors will take place.
Your eligibility to file for Chapter 7 bankruptcy will be confirmed.
The trustee will decide if your nonexempt property should be seized and sold in order to pay off some of your debt to your creditors.
All of your secured debts will be dealt with.
After you have filed but before you receive your discharge, you must attend and complete a debtor education course.
Three to six months after you file, you will receive your official discharge. A few days or weeks after this, your case will be closed.
If you need more information concerning the Chapter 7 bankruptcy process, please contact the Ursulova Law Offices. We are the leading bankruptcy law firm in Brighton Beach who can help you decide whether going through this process will be right for you. Get in touch with our firm of top level Brooklyn NY bankruptcy lawyers for more information.