Chapter 7 Bankruptcy Case

What is the “341 meeting of creditors” that occurs during your Chapter 7 bankruptcy case? The 341 meeting of creditors is a hearing, where you are put under oath by the bankruptcy trustee. You are required to verify your identity, and answer questions pertaining to your bankruptcy petition. The aim of the meeting is the […]

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What Is a Bankruptcy Trustee?

A bankruptcy trustee is a court appointed individual, in charge of ensuring maximal assets are distributed to the debtor’s creditors.  The trustee analyzes the debtor’s bankruptcy petition, in order to ensure the financial details included in the petition are accurate. The trustee conducts a hearing while the debtor is under oath, as the trustee asks […]

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Definition of “Chapter 7 Discharge”

What is a Chapter 7 discharge? A Chapter 7 discharge occurs at the end of a Chapter 7 bankruptcy case. The court declares that your dischargeable debts are officially wiped out. This allows for the debtor to embark on a fresh financial start.  If you find yourself wrestling debt, and are unable to pay it […]

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Filing Chapter 7 Bankruptcy

Due to the wide-reaching effects bankruptcy has on your legal and financial future, it is important you receive the help of a knowledgeable attorney when filing Chapter 7 bankruptcy.  According to the official website of the United States courts, there are many reasons why the assistance of an attorney is paramount when filing bankruptcy. An […]

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