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What Happens After You File for Bankruptcy?

Many people view bankruptcy as a last resort when it comes to taking control of their financial debts. Despite the value that many people place on the bankruptcy process, most individuals do not know very much about what the bankruptcy process involves. The following will take a brief look at the difference between what happens after a person files for Chapter 7, 11, or 13 bankruptcy. Automatic Stays After filing for bankruptcy, you will enjoy the protection of an automatic stay. This means that[...]

What to Expect at Your Bankruptcy 341 Meeting

One of the most potentially unnerving parts of filing for bankruptcy is the requirement to attend certain hearings in person. In addition to going before a judge to have your case confirmed, you must also attend a meeting of creditors with your trustee. This meeting is one of the most crucial parts of your bankruptcy case since the actions of the trustee and your creditors could potentially derail your filing. Knowing what to expect at your bankruptcy 341 meeting will help to reduce some of your[...]