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Filing for a Chapter 7 bankruptcy does not need to be difficult since most bankruptcies follow a and predictable course, and below is just a list that I provide to my clients when I explain the bankruptcy process. Not only does it give a working introduction to them, nevertheless they use it to simply take notes and reference it later as needed. Utilizing it as helpful information when you talk to your personal attorney can help you explain any questions you may have concerning the process as well. 1. Construct the following economic documents: A couple of years of tax statements Six months of bank statements Six months of paycheck stubs (or profit and loss statements) Monthly payment claims Credit history 2. Review papers with a bankruptcy attorney to determine whether filing bankruptcy is appropriate. 3. The petition will be prepared by the attorney, if bankruptcy is the better course of action. 4. Complete the pre-filing credit counseling course and give your lawyer the certificate. 5. Meet with your attorney to review and complete the petition. 6. Once submitted, the court will tell creditors of the bankruptcy and set the date for your court look with the bankruptcy trustee. That is called the 341 Meeting of Creditors. 7. Your attorney will send the necessary financial papers to the trustee before the 341 Meeting of Creditors. 8. At the 341 Meeting of Creditors -- which your lawyer will attend with you -- the bankruptcy trustee will ask you to verify 1) the accuracy of your petition, and 2) your identity through your social security card. Carry it with you. Lenders may also appear to ask you questions about your debt; however, this rarely happens. 9. After the 341 Meeting of Creditors, take the internet debt management course and supply the certificate to your attorney. 10. Your attorney will provide the second class certificate to the court and any additional documents the bankruptcy trustee could have required. Once you complete these steps, there is a waiting amount of about 8 weeks. After that timing, you and your lawyer should receive notice of your release, which means all of your qualified obligations is likely to be destroyed. The court does not provide a listing of these debts -- it occurs by operation of law. Present them with your bankruptcy case number and filing date, along with your discharge date, if a creditor attempts to collect a incurred before your petition was filed by you. Should they wrongfully persist, which many don't, contact your attorney. Check more at http://courtdocs.net
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