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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.

Carl Gustafson's picture

You have probably already heard that you cannot pick and choose whom you include in your bankruptcy case.  Everybody is included.  That includes creditors that you like, and sometimes people that you do not often think about as creditors like your bank.

Paul Garay's picture

A lot of clients wonder what steps it takes to file a bankruptcy case. Below is a basic outline of our appointment schedule. We don't charge you for wanting to see us, and you are always welcome to add a follow-up, document drop-off or payment appointment if you choose.

At Lincoln Law, we understand that you are going through tough times so we don't hassle you for payments or to schedule appointments. The appointments below are always required.

The process of bankruptcy offers debtors a clean slate when they are overwhelmed by financial burdens. Once a bankruptcy case is completed, however, the debtor will still need basic possessions and assets to move their life forward. Fortunately, the Bankruptcy Code recognizes these basic needs and provides a variety of property exemptions for debtors. If property is exempt, it will not be subject to the seizure of creditors.

The decision to file for bankruptcy is not one to take lightly. With the multiple bankruptcy plans available and the changes to bankruptcy law that occurred in 2005, it is important to be an informed about options from various scenarios. If you are considering filing for bankruptcy but have concerns about what may happen should your income change, here is an overview of the facts.

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