Attorney

Chapter 7 Bankruptcy From Beginning to End

One of the first things those who are considering bankruptcy want to know is how the process of bankruptcy works. The purpose of this brief article is to review, in layman’s terms, the procedural aspects of a bankruptcy proceeding from the time one first meets with an attorney at Lincoln Law to the time his debts are discharged. My focus will be on Chapter 7 bankruptcy.

5 Reasons to Look Forward to Your 341 Meeting

Submitted by mlg on Tue, 05/25/2010 - 5:18pm

One of the most unnecessary stressors for a bankruptcy client is anxiety about the 341 meeting. Here are five reasons to be excited about the 341 meeting.

1. It won't take long. Most 341 Meetings will only last 3-5 minutes. The trustee will usually ask a few (yes, only a few) questions regarding your case, most of which are routine.

Preparation is Key for Meeting of Creditors (341 Meeting)

Submitted by crg on Sat, 05/22/2010 - 10:27am

Last week I attended a most unusual meeting of creditors.

It started normal enough. My clients and several clients for other attorneys arrived and waited in the large waiting room while chatting with their attorneys. When the appointed time rolled around, the Trustee called the six cases for that half-hour time slot into the meeting room. Then he called the first attorney's case.

Carl Gustafson's blog

New Bankruptcy Law Explained

On October 17, 2005, new bankruptcy law went into effect, changing the process of filing for bankruptcy throughout the United States. This new shift in law requires additional steps to be taken by the attorney and the debtor but has been geared toward benefiting the debtor with the end result. The following details explain the changes in the law and how they will affect anyone considering bankruptcy.