Monthly Archives: September 2009

What happens at the 341 meeting of creditors?

After you file for Chapter 7 bankruptcy, if everything goes right, you should end up at a 341 meeting of creditors. Named after section 341 of the Bankruptcy Code, this is a meeting at which the trustee assigned to your case, you, your lawyer, and any creditors who choose to appear will show up.
This does […]

Do I have to disclose all my debts in a Chapter 7?

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Yes, you must disclose all of your debts on your bankruptcy filing. You must sign the bankruptcy filing under penalty of perjury, meaning that you swear you are not lying about anything in your bankruptcy filing and if you get caught in a lie, you could be prosecuted for perjury.
Some […]

Are you eligible for a Chapter 7?

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Eligibility for Chapter 7 bankruptcy is something you will need to discuss with an attorney.  However, there is a basic set of guidelines of which you should be aware.
What is Chapter 7 bankruptcy?  Chapter 7 is the most common type of bankruptcy; the name refers to a chapter of the […]

Got a debt collection lawsuit before your bankruptcy is filed?

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Because of the automatic stay, a bankruptcy filing normally stops all lawsuits against you. But for a myriad of reasons, not everyone who is planning to file for bankruptcy can do so right away. If you fall into this category, you especially need to keep an eye on your […]

Debunking the myths put forth by “debt relief” companies

Don’t believe the negative myths about bankruptcy. Here’s why.