Bankrupty 101: What is bankruptcy?
Bankruptcy is a legal proceeding that allows a debtor to consolidate debt collection efforts against them into one proceeding, instead of many, and receive a discharge of all or most of their debts. Learn more HERE .
Legal Information vs. Legal Advice
The Bankruptcy Court is forbidden from providing debtors with legal advice but may provide legal information relevant to the bankruptcy process. Find out the differences between the two HERE.
Chapter 7 vs. Chapter 13
Most consumer debtors file a case under Chapter 7 or Chapter 13. Debtors must decide which one is best for them. Find out the differences between the two HERE.
341 Meeting of Creditors
After your bankruptcy case is filed, debtors are required to attend a 341 Meeting of Creditors. At this meeting you will be examined by the trustee assigned to your case. Your creditors and members of the public may also attend the meeting. Learn more about the 341 Meeting of Creditors HERE.
The Bankruptcy Bunch
There are many parties involved in a bankruptcy case. Who are they? What is their role? Find out HERE.