Chapter 7 Bankruptcy Creditor’s Meeting If you file a Chapter 7 bankruptcy petition, you will be required to attend a mandatory Meeting of the Creditors pursuant to Rule 341 of the US Bankruptcy Code. Many of my clients experience anxiety or nervousness before attending the meeting, but there really is no need for concern. The […]
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Discharging Debts in a Chapter 7 Bankruptcy For most people, the main goal of filing for Chapter 7 bankruptcy is to discharge (wipe out) their debts. Although some debts are “nondischargeable,” most people filing for Chapter 7 will be able to discharge most or all of their debts. While credit card debt is one of […]
Chapter 13 Bankruptcy Information There are two main reasons that most of my clients file a Chapter 13 Bankruptcy: Partial Discharge First, if your median household income is too high to pass the Chapter 7 Means Test, you may still be able to get a partial discharge of some of your unsecured debts by filing […]