Depending on your situation, your bankruptcy attorney will help you determine which type of bankruptcy you should file. Your attorney will then prepare and file a bankruptcy petition. It’s extremely important that you choose a qualified bankruptcy attorney who has a thorough understanding of state exemptions.
After the petition has been filed, all of your creditors will receive notice of your bankruptcy filing. At this point, any collection, repossession, or foreclosure efforts must be ceased, as you will be protected by the bankruptcy code.
If you file a Chapter 13 bankruptcy, you’ll then have a meeting of creditors – also called a Section 341 meeting. A Chapter 13 trustee will review your petition and your proposed repayment plan. If there are no issues, you simply follow your plan and you’re on the road to a fresh start!
Our staff is here to guide you through every step of the process. Call us today for a free debt consultation – you’ll be able to talk to one of our attorneys at NO COST. We’ll take the time to listen to your unique situation and then let you know what your available options are, as well as any expected outcomes.