1.
STEP TO 16
A FRESH START WITH
CHAPTER 7 BANKRUPTCY
In the 6 months before filing you
must have a meeting with an
approved nonprofit budged and
credit counseling agency.
3
6 1
15 days after filing your
petition the court will
schedule the meeting
between you, your trustee,
03
3
4
1 YEAR BEFORE
MONTHS
FILLING
12 9 6 3 3 6
6 MONTHS BEFORE
MONTHS
12 9
3 MONTHS BEFORE
9
FILLING
6 3 3 6
FILING FOR BANKRUUPTCY
As soon as you file your
bankruptcy petition, tthhee ccoouurrtt
will order an injunction called
an “Automatic Stay” that will
prevent creditors from taking
most legal or collection
actions against you during
your case or until it is lifted by
tthhee ccoouurrtt..
FILLING
FILLING
You are appointed a trustee,
a federal employee who will
meet with you and oversee
your case.
MONTHS
12 6 3 3 6
If you take out credit of $500 or
more for luxuries in the 3 months
before filing that luxury debt may
not be dischargeable.
9
MONTHS
12 6 3 3 6
15 DAY AFTER
MONTHS
FILLING
12 9 6 3 3 6
Certain papers declaring
your assets, liabilities,
expenses and income must
be filed within 15 days of your
petition, but are typically
included with your filing.
ad creditors.
30 DAYS AFTER
MONTHS
12 9
3 TO 6 WEEK AFTER
9
FILLING
6 3 3 6
The meeting between you,
your trustee, and creditors
typically happens 20 to 40
days after filing. If you do not
attend the meeting you case
will be dismissed.
FILLING
Within 6 weeks you must file a
certificate from an attorney
that you have been advised
on your bankruptcy options,
and file a statement of any
increased income or expen-ditures
you can foresee in the
nneeaarr ffuuttuurree..
4 TO 6 MONTHS AFTER
MONTHS
FILLING
12 6 3 3 6
A successful Chapter 7 bankruptcy
case typically leads to a debt
discharge within 4 to 6 months of
filing.
9
MONTHS
12 6 3 3 6
Brought to you by the Law Office of Kelley & Fulton, P.L.
WWW.KELLEYLAWOFFICE.COM