Bankruptcy Timeline

Bankruptcy Timeline your journey to a fresh start BANK Petition You and your lawyer prepare this complex document. After filing petition, federal law imposes "automatic stay" preventing creditors from taking action to collect debts against you during the pendency of the bankruptcy. Depending on where you live, the Bankruptcy Court will send out a Notice of Filing and Notice of Stay to your creditors making it illegal for your creditors to try to collect from you. Attend If creditors have problems If seeking a chapter "meeting of creditors" with your petition, they chaired by the trustee assigned to your case. The trustee will ask a few questions and give any creditors in attendance a chance to ask questions. 7 petition, you wll have a certain amount of receive a Notice of time to file adversary proceeding asking the Court to refuse to discharge a certain debt. Discharge. %24 You have been given a fresh start! If you file under chapter 13, your payment plan will usually span over three to five Once you receive a Notice of Discharge you may have to fill in forms to get a judgement removed from a judgement roll. %24 years. brought to you by : Clark Washington ATTORNEYS AND COUNSELORS ATL AWLEC