Call Now
(916) 780-7005
Click Here
Free Case Analysis
MENU
  • 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

The Chapter 7 Timeline

Chapter 7 bankruptcy is a legal process in which individuals or businesses can eliminate most of their debts by liquidating their assets. While it can be a difficult decision to make, Chapter 7 bankruptcy can be a fresh start for people who are struggling financially. If you’re considering filing for a Chapter 7, it’s important to understand the timeline of the process so that you know what to expect. Here is a breakdown of the typical timeline of a Chapter 7 bankruptcy:

1. Pre-filing Credit Counseling: Before you can file for a Chapter 7, you must complete a credit counseling course from a court-approved agency. This course is designed to help you determine whether bankruptcy is the right choice for you and to provide you with information on managing your finances.

2. Filing the petition: Once you have completed the credit counseling course, you can file your Chapter 7 petition with the bankruptcy court. The petition will include information about your income, expenses, assets, and debts.

3. Automatic Stay: As soon as your bankruptcy petition is filed, an automatic stay goes into effect. This means that your creditors must stop all collection efforts, including phone calls, letters, and lawsuits.

4. Meeting of Creditors: About a month after you file your petition, you will attend a meeting of creditors. This meeting is also known as a 341 meeting, named after the section of the bankruptcy code that requires it. During this meeting, the bankruptcy trustee and your creditors may ask you questions about your finances and assets.

5. Discharge of Debts: Once your assets have been liquidated and your creditors paid, any remaining eligible debts will be discharged. This means that you are no longer legally responsible for repaying those debts.

6. Closing the Case: After your debts have been discharged, your Chapter 7 bankruptcy case will be closed. This typically occurs within a few months of the initial filing. It’s important to note that the timeline of a Chapter 7 can vary depending on the complexity of your case and the workload of the bankruptcy court.

However, the above timeline provides a general overview of what you can expect when filing for a Chapter 7. In conclusion, Chapter 7 bankruptcy can be challenging but beneficial process for people who are struggling with overwhelming debt. By understanding the timeline, you can be better prepared for what’s to come and can make informed decisions about your financial future. If you are considering bankruptcy and need a recommendation for an approved course provider, please feel free to contact your Roseville bankruptcy attorney at 916-780-7005

Categorized in: