Month: December 2023

Frequently Asked Questions About Bankruptcy

• December 30, 2023
• Thomas Adam
• Bankruptcy

The decision to file bankruptcy is deeply personal and one that comes with many questions. It is best to learn as much as you can about bankruptcy so you have a full understanding of it before you make a decision. An experienced bankruptcy attorney will help guide you through the process. What is the Difference Between Chapter 7 and Chapter 13 Bankruptcy? Chapter 7 and Chapter 13 are two types of individual bankruptcy filings. Chapter 7 requires a liquidation of non-exempt assets for repa[...]

What is a 341 Hearing for Chapter 7 Bankruptcy?

• December 15, 2023
• Thomas Adam
• Bankruptcy

When you file Chapter 7 bankruptcy, the legal process begins. You must disclose all of your debts as part of your bankruptcy filing. The court will assign a trustee to oversee the process. The court will contact your creditors and set a date for a meeting. The meeting is technically called a 341 hearing. If you have filed Chapter 7, you will want to discuss the details of the upcoming hearing with your bankruptcy attorney to prepare for the meeting. What is the Purpose of a 341 Hearing? T[...]