When I conduct my free consultations, I ensure to explain the whole bankruptcy process to my potential clients so that they can understand what they are getting themselves into. As you continue to read below, you will see get a snapshot of what to expect so that you can be prepared to enter into the California Chapter 7 bankruptcy process.
1) Gathering your documents: First, all your financial information from the last six months need to be gathered to see if you qualify for filing for chapter 7 bankruptcy, which eliminates most all of your debts. Your financial data will be very important for filling out bankruptcy forms to the bankruptcy court. If the petition is incomplete with information, the court may dismiss your bankruptcy case. We have a pretty easy bankruptcy questionaire that helps us to gather your necessary information, and it usually takes 15-20 minutes to complete.
2) Obtain Credit Counseling Certificate: When you hire our bankruptcy attorney to handle your case, Attorney Liverpool informs you that you must receive a credit counseling certificate on your own by completing a credit counseling with a credit counseling agency approved by the U.S. Trustee pursuant to 11 U.S.C. § 111 within 180 days prior to filing your bankruptcy petition. It is a good idea to complete this counseling online. It costs around $5. Remember to obtain your credit counseling certificate and send it to us so that we can include it in your bankruptcy petition.
3) Prepare Court Petition: Preparation will be done by our Los Angeles Bankruptcy attorney. She will then send the petition to you for your review so that you can give final approval before filing it with the court.
4) File Petition in Court: Then we will file the case with the local bankruptcy court.
5) Trustee 341(a) Hearing: Once your petition has been filed, the trustee of your bankruptcy estate will, within 30 to 45 days since filing your petition, schedule a hearing where you, your bankruptcy attorney, the trustee, and your creditors are to be present to ask questions but mostly to varify the truth of your filed information. Most of the times, your creditors do not make it to the hearing. In consumer bankruptcy case, this hearing is rather simple. Court wants to mostly make sure that you are not abusing the bankruptcy law by having fradulent transfers prior to filing the petition. The trustee’s job is to liquidate (sell) your properties beyond your exemption amount to pay off unsecured creditors. You will also be given an opportunity to pay off or pay in a payment plan your debt if you would like to keep your asset in case your asset value excceds the exemption value. After your successful 341(a) hearing, YOUR DEBT WILL BE DISCHARGED IN OR AROUND 3-5 MONTHS FROM THE HEARING!
6) File Financial Education Certificate: Congress, through the 2005 Amendments to the Bankruptcy Code, wanted to make sure that debtors do not repeatly file bankruptcies by rquiring a mandatory financial education course approved by the U.S. Trustee. This is a post filing education and will require your filing number. Your debt will not be discharged unless you complete course and provide the certificate to your bankruptcy attorney to provide to the court. This course costs approximately $12.50.
So when you are ready to get the bankruptcy process started, contact the Law offices of Chirnese L. Liverpool at (818) 714-2200.
Popularity: 3% [?]
bankruptcy articles, Bankruptcy Attorneys, Bankruptcy faq, California Bankruptcy attorney, chapter 7, Los Angeles Bankruptcy Attorney
$999 bankruptcy, 341a meeting, 341a meeting of creditors, Adelanto bankruptcy, affordable bankruptcy, after bankruptcy, agoura hills bankruptcy, Alhambra bankruptcy, Anaheim bankruptcy, Angeles National Forest bankruptcy, antelope valley bankruptcy, Apple Valley bankruptcy, Arcadia bankruptcy, artesia bankruptcy, attorney, attorney in bankruptcy, audit, audit defense, auto loans, Azusa bankruptcy, bad credit loans, Baldwin Hills Bankruptcy, baldwin park bankruptcy, bankrupsy, bankrupt, bankruptcy, bankruptcy advice, bankruptcy alternative, bankruptcy attorney, bankruptcy attorney los angeles, bankruptcy blog, bankruptcy case, bankruptcy chapter, bankruptcy chapter 7, bankruptcy court, bankruptcy debt relief, bankruptcy estate, bankruptcy forms, bankruptcy fraud, bankruptcy information, bankruptcy law firm, bankruptcy laws, bankruptcy laws in california, bankruptcy lawyer, bankruptcy lawyers, bankruptcy los angeles, bankruptcy payment plan, bankruptcy petition, bankruptcy preparer fee, bankruptcy process, bankruptcy timeline, bankruptsy, Banning bankruptcy, Barstow bankruptcy, Beaumont bankruptcy, Bell, bell gardens bankruptcy, Bellflower bankruptcy, Beverly Hills bankruptcy, Big Bear Lake bankruptcy, bk, bk attorney, Blythe bankruptcy, Bradbury bankruptcy, Brea bankruptcy, budgeting, Buellton bankruptcy, Buena Park bankruptcy, burbank bankruptcy, ca bankruptcy, ca bankruptcy attorney, calabasas bankruptcy, california, california bankruptcy, california bankruptcy attorney, california bankruptcy law, california bankruptcy laws, california bankruptcy lawyer, california chapter, Calimesa bankruptcy, camarillo bankruptcy, Campo bankruptcy, Canyon Lake bankruptcy, car loans, Carlsbad bankruptcy, Carpinteria bankruptcy, Carson bankruptcy, Catalina Island bankruptcy, Cathedral City bankruptcy, Cerritos bankruptcy, ch 7 bankruptcy, chapter 11, chapter 13, chapter 13 bankruptcy, chapter 7, chapter 7 bankruptcy, chapter bankruptcy, chapter seven, chapter seven bankruptcy, chatsworth bankruptcy, chatsworth bankruptcy attorney, cheap bankruptcy, cheap California bankruptcy, Chino bankruptcy, Chula Vista bankruptcy, city of industry bankruptcy, Claremont bankruptcy, Coachella bankruptcy, Colton bankruptcy, Commerce bankruptcy, compton bankruptcy, consolidation, consumer, consumer bankruptcy, consumer credit, conversion, convert chapter 13 into chapter 7, Corona bankruptcy, Coronado bankruptcy, Costa Mesa bankruptcy, court petition, Covina bankruptcy, credit after bankruptcy, credit cards, credit consolidation, credit counseling, credit counseling agency, credit rating, credit repair, Cudahy bankruptcy, Culver City bankruptcy, Cypress bankruptcy, Dana Point bankruptcy, deadline, debt consolidation, debt help, debt relief, debt settlement, debtor, debts, deed in lieu, Del Mar bankrutpcy, Desert Hot Springs bankruptcy, Diamond Bar bankruptcy, discharge, dischargeability, divorce, Downey bankruptcy, Downtown Los Angeles bankruptcy, dramatic change, Duarte bankruptcy, El Cajon bankruptcy, El Monte bankruptcy, El Segundo bankruptcy, Encinitas bankruptcy, encino bankruptcy attorney, Escondido bankruptcy, family law, filiing bankruptcy in california, filing bankruptcy, filing chapter 13 bankruptcy in california, filing chapter 7 after chapter 13, filing chapter 7 after chapter 7, Fillmore bankruptcy, financial circumstances, financial information, Fontana bankruptcy, foreclosure, Fountain Valley bankruptcy, free consultations, Fullerton bankruptcy, Garden Grove bankruptcy, Gardena bankruptcy, Glendale bankruptcy, Glendora bankruptcy, Goleta bankruptcy, Grand Terrace bankruptcy, Guadalupe bankruptcy, Hawaiian Gardens bankruptcy, Hawthorne bankruptcy, Hemet bankruptcy, Hermosa Beach bankruptcy, Hesperia bankruptcy, Hidden Hills bankruptcy, Highland bankruptcy, household, how much you need to be in debt to file bankrupt, how to find a bankruptcy attorney, Huntington Beach bankruptcy, Huntington Park bankruptcy, Imperial Beach bankruptcy, Indian Wells bankruptcy, Indio bankruptcy, Industry bankruptcy, inglewood bankruptcy, Inland Empire bankruptcy, Irvine bankruptcy, Irwindale bankruptcy, Joshua Tree bankruptcy, Julian bankruptcy, la bankruptcy attorney, LA Basin, La Cañada Flintridge bankruptcy, La Habra bankruptcy, La Habra Heights bankruptcy, La Mesa bankruptcy, LA Metro bankruptcy, La Mirada bankrupt Laguna Beach, la verne bankruptcy, Laguna Hills, Laguna Niguel, Laguna Woods, Lake Arrowhead, Lake Elsinore, Lake Forest, Lakewood, Lawndale, lawyer, lawyer bankruptcy, legal aid, Lemon Grove, Loma Linda, Lomita, Lompoc, Long Beach, Los Alamitos, Los Angeles, los angeles bankruptcy, los angeles bankruptcy attorney, los angeles bankruptcy lawyer, Los Feliz, low cost bankruptcy, lucerne valley, Lynwood, Malibu, Manhattan Beach, Marina Del Rey, Maywood, medical bills, medical debt, Mission Viejo, Monrovia, Montclair, Montebello, Monterey Park, Moorpark, Moreno Valley, mortgage after bankruptcy, Murrieta, National City, Needles, Newport Beach, non-dischargeable, Norco, Norwalk, Oceanside, Ojai, Ontario, Orange, Orange County, orange county bankruptcy attorney, Oxnard, Pala, Palm Desert, palm springs, Palos Verdes Peninsula, Panorama City, paralegal lawyers for bankruptcy, Paramount, Pasadena, Perris, personal loans, Pico Rivera, Placentia, Pomona, Port Hueneme, Poway, qualifying for bankruptcy, Ramona, Rancho Cucamonga, Rancho Mirage, reaffirmation agreements, redemption, Redlands, Redondo Beach, repossess, repossession, Rialto, Riverside, riverside bankruptcy, Rosemead, San Bernardino, San Clemente, San Diego, San Dimas, San Fernando, san fernando valley bankruptcy, San Gabriel, San Gabriel Valley, San Jacinto, San Juan Capistrano, San Marcos, San Marino, Santa Ana, santa ana bankruptcy, Santa Barbara, santa barbara bankruptcy, Santa Clarita, santa clarita bankruptcy, santa clarita bankruptcy attorney, Santa Fe Springs, Santa Maria, Santa Monica, Santa Paula, Santee, Saugus, Seal Beach, secured debt, short sale, Sierra Madre, Signal Hill, Silverlake, Simi Valley, sleepless nights, Solana Beach, Solvang, South El Monte, South Gate, South Pasadena, Stanton, stop foreclosure, tax consequences, taxes, Temecula, Temple City, the trustee will likely auction the property and use the proceeds to pay your creditors’ unsecured claims., Thousand Oaks, thousand oaks bankruptcy attorney, timeline, Torrance, trustee, tujunga, Tustin, Twentynine Palms, unsecured loans, Upland, van nuys bankruptcy, van nuys bankruptcy attorney, Ventura, ventura bankruptcy, ventura bankruptcy attorney, Vernon, Victorville, Villa Park, Vista, Walnut, West Covina, West Hollywood, West Los Angeles, Westlake Village, Westminster, what to expect at 341a meeting of creditor, Whittier, woodland hills bankruptcy, Wrightwood bankruptcy, Yorba Linda bankruptcy, Yucaipa bankruptcy, Yucca Valley bankruptcy
No Comments to “How does the bankruptcy process go?”