What happens if you decide to file a chapter 7 bankruptcy case with us? First you will have met with a Newnan bankruptcy lawyer – in this case me – Rick Palmer. At your meeting we will go over all of your options to resolve your debt issues. In this example, you’ve decided to file a chapter 7 case.
We provide you with numerous tools to help get the required information together. You case will be assigned to one of our bankruptcy paralegals who will work on your case with me from start to finish. The paralegals do much of the heavy lifting of putting all of the information you provide into our systems that produce your chapter 7 bankruptcy petition.
Once our paralegals prepare your petition, I review it to be sure it still meets the criteria for a chapter 7 bankruptcy case. If it passes my review, then we send it on to you and you are required to review the petition for accuracy. Once we all agree that the petition correctly reflects your financial situation, then we schedule a signing appointment and you meet with us to sign for petition and we go over any last questions you may have.
After you sign your bankruptcy petition, we file your case electronically. The bankruptcy clerk then sends out the filing notification to your creditors and assigns a date for your 341 meeting of creditors where you will go over your petition with the chapter 7 bankruptcy trustee.
After the 341 meeting, your case will typically sit for 60 days to allow for creditors to object should they have sufficient cause to do so (this is a very rare occurrence). This is also typically when reaffirmation agreements are executed and filed and when your debtors’ educational certificate is filed. After the 60 days have passed, you usually receive the discharge within the following 30 days. The discharge order and the closing of your case typically occur together.