What is the typical procedure and timing for a Chapter 7 bankruptcy?

By Gregory Nassar

Nassar Law makes preparing for and filing for bankruptcy a rather simple process for the debtor.

Following a client intake, the debtor's petition is prepared and filed electronically. Approximately 30-45 days after filing, the debtor and attorney must appear at the 341 creditor's hearing. Following the completion of the 341 creditor's hearing, the court typically enters a discharge in favor of the debtor within 3-4 months, depending on the court's case load. Once the discharge is issued, the debtor is no longer considered in a bankruptcy status and the case is closed.

Generally, a client is required to do the following to assist with his/her bankruptcy at Nassar Law: 1) attend the initial client intake meeting with the attorney; 2) produce all requested documents/information to the attorney for completion of the bankruptcy petition; 3) attend the 341 creditor's hearing; 4) complete two required credit counseling courses, either online, by telephone or in person. The first credit counseling course is to be completed before filing of the bankruptcy petition, and the second credit counseling course is to be completed after filing of the bankruptcy petition.

To learn more about the Credit Counseling Certificate process, please read my blog specifically discussing that topic.

Filing for bankruptcy is a complex process and requires proper planning to determine whether it is best for you. The process entails adherence to strict deadlines to avoid dismissal (not discharge) of your case. Thus, it is crucial that you select a highly skilled bankruptcy attorney. I make it my goal to provide each client the dedicated time and experience to assist the client with his/her bankruptcy.

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