What are the Important Deadlines and Timeline for Chapter 7 Bankruptcy? When you file for chapter 7 bankruptcy, the process runs on a very strict timeline. Missing deadlines is a good way to have your entire case dismissed, which can lead to having to refile. Ensuring you meet each deadline correctly and complete your paperwork accurately gives you the best chance of having your debts successfully discharged the first time you file.
Your first step is to provide our Los Angeles bankruptcy attorney with your financial information and any necessary supporting documentation. You will also need to enroll in and complete an approved credit-counseling program. These classes are designed to teach you positive money management skills and help you re-establish your financial life in a more positive direction once your bankruptcy process has completed. Once our attorney has completed your bankruptcy petition, you will need to review it to ensure that all the information provided is accurate and complete and sign it. You may need to decide between one of two sets of bankruptcy exemptions to determine which is best for your personal situation. Our attorney will then file your petition, at which point you will receive your case number. As soon as your petition is filed, the automatic stay goes into effect, which protects you from further creditor actions. If you are considering filing for chapter 13 bankruptcy or business bankruptcy, the steps and timeline may differ from these. Contact our bankruptcy lawyer in California to learn more or to schedule your consultation. Source: Los Angeles Bankruptcy Lawyer Back to Blog |
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Samuel- Woodland Hills, CA
My wages were being garnished, and I was getting sued by creditors. I could not pay my debts to credit card companies. Hamid Soleimanian filed a chapter 7 bankruptcy for me and stopped my wages from b...