Filing process

 

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.

Ok, you are getting a fresh start on your financial situation and have filed for bankruptcy. One of the major players that you are going to be interacting with is a bankruptcy trustee. A bankruptcy trustee is a lawyer assigned to oversee your bankruptcy case. Their role in the case differs as to whether your bankruptcy case is Chapter 7 or Chapter 13.

 

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