How do you file Chapter 7 bankruptcy?

Question

Thank you in advance.

Answer 1

Your best bet is to talk to an attorney in your area that specializes in bankruptcy - many will meet with you for free the first time.

The new bankruptcy laws enacted in 2005 have changed the Chapter 7 bankruptcy process significantly. Based on your household income, you may not even qualify to file Chapter 7 and must file Chapter 13 instead.

Before you file, you must take a credit counseling course from a government-approved organization.

To file, there are several forms that need to be completed - basically, listing all your assets and debts, as well as income and expenses. There is also a filing fee (I think it is $299.00) that must be paid when the forms are submitted to the court. If the case is dismissed (which often happens when a person files w/o an attorney), this fee is not usually refunded.

After filing, you will be required to attend a hearing, known as a Section 341 meeting, as well as a debtor-education course, before receiving a discharge of your debts.

Chapter 7 bankruptcy is also known as liquidation bankruptcy. This means that certain assets may need to be turned over to the bankruptcy trustee, who will sell them and use the proceeds to pay creditors.

As you can see, there is a lot involved - that's why it is so important to talk to an attorney. It may seem expensive, but in the long run, you will probably save yourself money and time. For more details about the process, check out the following:

Answer 2

You could get a lawyer, but there are some places that give you the papers and file them for you (paralegals). It usually costs less, but they can't give you actual legal advice, so you have to make sure you do everything right and read the directions. Usually, you can find them in the Yellow Pages under "Bankruptcy."

Either way, there's lots of paperwork to fill out. You have to list the things you own and list all of your debts (you'll need a credit report for this), and list all your income. The packet of forms is pretty big, but it has stuff for all of this.

There were some recent changes in the law about filing Chapter 7 (you may have to do Chapter 13), so a lawyer might be the easiest way overall.

Answer 3

Hell no!!!! Why do human beings favor to get married in the experience that they don't seem to be having little ones at the same time? on the most basically stay at the same time so his undesirable credit report does not influence hers and she will be able to make confident of the courting beforehand she is wrongly entangled if the waters get muddy and has to record for a divorce extremely of basically packing up and isolating. basically love isn't sufficient and stupid besides. imagine do not basically emotion and use those rose colored glasses. that is what that is!!!!

Answer 4

The laws have majorly changed, so much so that I am not sure that it would be as easy as it once was to file on your own. I would hire an attorney in your area to file for you.

Answer 5

you need to get a attorney. most will charge you about 500.00 and they file the papers for u. It is very simple just cost alittle.

Answer 6

you first have to hire a lawyer.they are listed in the yellow pages and they say what they specialize in.call and ask question's.the first consult is free.they are happy to answer any quesition's you have.they charge different price's.where i am it range's from 800.00 to 1500.00.good luck.

Answer 7

look for a referral in your state bar website

Answer 8

www.nolo.com