Blog Posts in October, 2012

  • What do I Bring to My Meeting of Creditors?

    When you file for bankruptcy, you are appointed a bankruptcy trustee by the courts. This individual oversees your case. This person’s responsibilities are to verify that the information provided in your bank statements is accurate. To do this, they need documents that prove your identity. Documents to bring to your creditor meeting Whether you filed Chapter 7 or Chapter 13 bankruptcy you need to ...
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  • How Long Will My Chapter 7 Bankruptcy Take?

    One of the more common questions asked by clients is how long their Chapter 7 Bankruptcy case will take. As a general overview, a Chapter 7 bankruptcy lasts about 120 days from the date the petition is filed in United States Bankruptcy Court until the date a discharge is issued in the case. The more important question in this regard, however, is when clients will begin to see relief in the filing ...
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  • What is a 341 Meeting of Creditors?

    The 341 Meeting of Creditors is a meeting scheduled shortly after your Chapter 7 bankruptcy case is filed. At this meeting, your Chapter 7 bankruptcy trustee, which was assigned to your case when you originally filed, will take sworn testimony from you regarding the information you included on your petition when you filed your case. The reason this is called a Meeting of Creditors stems from what ...
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  • What Happens If You Don't Pay Your Debt?

    When you don't pay your debt, debt collectors and collection agencies can both report your debt to credit bureaus and pursue legal options. These legal remedies can include filing a lawsuit in either state or federal court; obtaining a judgment; and any attempts to collect on judgments. If you do not pay your debt you could face: Wage garnishments Citations Attachments Bank garnishments ...
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  • Welcome to our Chicago Bankruptcy Blog

    We are pleased to announce the launch of our Chicago Bankruptcy blog with an RSS feed available here.
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