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  • Spectacular!

    I liked your fast, friendly service. You were all knowledgeable in the area of bankruptcy. Your treatment of me as a client was spectacular! You were great at promptly responding to my questions and concerns. I loved that you provided courteous and quick responses to all my questions.
    --Donna
  • Highly Recommended!

    I have worked with Seth and he is the utmost professional in how he works with his clients. If you need an attorney you can trust I would highly recommend the Law Office of Seth Hanson.
    --David
  • Very Professional.

    Everyone was very professional and efficient. Seth, and everyone that I had contact with were very knowledgeable. I was very pleased with how we were treated by his staff. My questions were always answered promptly. I was very pleased with the service I received and would not hesitate to refer someone to your firm.
    --Anonymous
  • Non-judgmental.

    You were very open and answered all of my questions. You never made me feel like I was asking a dumb question. I was comfortable with your knowledge of the law. It was hard for me to make this decision to move forward in my life. Everyone was friendly to me and respectful. Non-judgmental. Every question I asked was answered promptly and appropriately. I would recommend you.
    --Anonymous
  • More Than Expected!

    I found the firm's representation to be more than what I expected. I was always kept in the loop, all my questions were answered (whether or not I asked more than once the same question), and I felt completely supported by the firm staff when going through this (at times) scary ordeal. Thank you again.
    --Joanna
  • Very Impressed!

    I liked that you had very friendly, caring staff. You were all very knowledgeable. Your treatment towards me was excellent and you quickly responded to all my concerns. If a friend asked of your overall impression, I would say that we were very impressed and we would recommend you to them.
    --Danielle

Basics Of The Bankruptcy Process

Basics Of The Bankruptcy ProcessThe bankruptcy process can be overwhelming for anyone experiencing financial hardship. Due to the complicated, legal nature of the process many people simply don’t understand how it works or could benefit them. While the process isn’t meant to be intimidating, there are some specific guidelines that you will need to follow. Understanding the basics of the bankruptcy process can help you put your best foot forward.

Basics Of The Bankruptcy Process

When considering bankruptcy, you will first be subject to a means test. This test determines your eligibility for Chapter 7 bankruptcy. If your income and family size exceed the level set by your state, you will not be eligible for Chapter 7 and must file a Chapter 13 instead. You will also be required to complete a credit counseling course with the 180 days prior to the filing of your case.

To initiate a filing, the court will require a lengthy document called a petition to gain an understanding of your financial position. This document lists in detail your income, accounts, debts, assets, and other relevant information. This information is used to evaluate your financial situation. It is extremely important that this information be accurate and honest. Attempting to hide income, funds, or assets is wrong and could lead to your case being dismissed or you going to prison.

Once your case has been filed with the court, a court order will be provided to all of your creditors. This order is called an automatic stay and it prohibits creditors from making further collection attempts.  Approximately 30 days after your filing, you will be required to attend the 341 meeting of creditors. This meeting is held to allow for creditors to stake their claim and for any reaffirmation agreements to be made. After this meeting, you will follow the instructions given by your trustee until the case is discharged.

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