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Chapter 7 Bankruptcy Process

If you’re saddled with debt and unable to breathe, the bankruptcy court can help. Chapter 7 is a total debt liquidation. You can keep certain assets but each case is unique. The court guides and enforces this process so you don’t have to worry about your creditors, you deal only with the court itself.

Location

Credit Counseling

You must a credit counseling class before you are able to file a bankruptcy petition.

Step 1

Location

Filing the petition

The process begins with North Metro Litigators filing your petition for bankruptcy to the US Courts. The Court will appoint a Trustee to your case. The Trustee manages the case until the judge discharges the case.
Step 2

Location

341 Meeting

Over the next 30-60 days there will be a 341 Meeting, which is where your debts and income are documented. Your creditors will be notified, but most don’t appear in person. You sit down with your attorney and the trustee.

Step 3

Location

Objections

Over the next 30-60 days, the Trustee will determine if they have any objections to the plan. During this period creditors may file their own objections as well.

Step 4

Location

Discharge

After your meeting of creditors, your case is discharged. The discharge typically occurs 4-6 months after the meeting of creditors.

Step 5

Location

Rebuild

Over the next 24-36 months, you can rebuild your credit and put the past behind you!

Step 9