Filing for Chapter 7 bankruptcy is more involved than simply going into a court and signing papers. Depending on the circumstances of your case, it can be a complex and time-consuming process. Understanding the Chapter 7 timeline from beginning to end will help give you a clear idea of when your debts will be discharged and when you will be able to move forward with your life.
Preparing to File for Chapter 7
The first step toward filing for Chapter 7 is to make sure you qualify. An experienced bankruptcy attorney can help you determine if you meet the requirements for Chapter 7 bankruptcy by using a bankruptcy means test. As part of this process, you will need to make a detailed list of your debts and assets. In addition, attending a financial counseling session is required by law before being allowed to file.
The Chapter 7 Filing Process
Chapter 7 paperwork should be filed with the bankruptcy court. Once the papers are signed, you will immediately get some relief of the stress associated with high debts as your creditors are informed of the case and are required by law to stop collection efforts, including phone calls.
After 20 to 40 days you will have to attend a meeting with the bankruptcy trustee and any creditors that wish to attend. This is often called a “341 meeting.” Approximately 60 days after this meeting, you will receive a notice of discharge. Finally, you will need to complete a post-filing debtor education course within 45 days.
The Milwaukee Chapter 7 bankruptcy attorneys at the DeLadurantey Law Office, LLC have handled thousands of Chapter 7 bankruptcy cases. We are ready to help individuals from the beginning of the process all the way to its end. Contact us today at 414-377-0518 to discuss your options with an experienced legal professional.