THE BANKRUPTCY PROCESS
The first step in the bankruptcy process is to determine if bankruptcy is the best way to approach your financial problems, and if so which type of bankruptcy would serve you best.
When you come in to meet with us, we will be happy to serve you. No one should judge someone taking action to deal with financial problems. And no one should see bankruptcy as a failure. Rather, it is a proactive move provided for in federal law to help people get a new start.
We will ask you in bringing in certain records and information about your property, debts, income and expenses. Then we will prepare a bankruptcy petition and schedules required by the bankruptcy court. You will sign the documents and they will be filed with the court.
As soon as we file, an automatic stay is in effect. All creditors must contact only your bankruptcy attorney, not you. The best thing about the bankruptcy process is the immediate relief from creditors’ calls and threatening letters.
The court will assign a bankruptcy trustee to oversee the case. Within a few weeks, you will meet with the trustee and the court will issue an order of discharge. The recent bankruptcy law requires you to complete a debtor education course after the bankruptcy has been filed, but before a discharge.
You must also meet with creditors in a 341 meeting to answer questions about your debts and property. Ultimately, whether you file under Chapter 7 or Chapter 13, your debts will be discharged and you will have a fresh financial start.
South Florida Attorney — File For Bankruptcy
Take advantage of our free initial consultation about the bankruptcy timeline — call The Law Offices of Patrick L. Cordero, PA Attorneys at Law, today at 305-445-4855 or contact us online. We also assist Spanish-speaking clients.
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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.