Filing for Chapter 7 bankruptcy requires attending a court hearing called a 341 meeting of the creditors. You and your bankruptcy lawyer must attend this meeting since it is required for all Chapter 7 cases. Here is some information to help you learn more about this meeting and the things that happen after it.
The Basics of the 341 Meeting
Once you submit your bankruptcy documents, you can expect to have your 341 meeting within approximately three weeks.…
If you have made the decision to file chapter 7 bankruptcy, you may be justifiably concerned about losing your home. Chapter 7 bankruptcy carries with it the potential for property losses. While it doesn’t happen to everyone, some filers may have to surrender their vacation home, vehicles, boat, and even their primary family residence. It doesn’t necessarily have to happen that way, though. Read on to find out how you can get through your chapter 7 bankruptcy and keep your family home.…
Did you know that the state you reside in can totally change your bankruptcy experience? Your legal state of residence (known as your domicile) affects several issues even though you declare bankruptcy using the federal court system. Read on to find out more.
State Exemptions
Almost all states choose to put forth their own set of exemptions for filers to follow. If you are not familiar with exemptions, they are extremely important for filers who want to keep as much personal property as possible.…
