Chapter 7 Bankruptcy

In most cases the Chapter 7 bankruptcy process takes four to five months.  After filing the bankruptcy petition, a meeting is scheduled with a trustee.  This meeting is called a 341 meeting or a meeting of creditors.  The 341 meeting… Continue Reading →

Chapter 7 bankruptcy is a legal process used by debtors to discharge debt.  When a debt is discharged the debtor is no longer liable for repayment of the debt.  The creditor whose claim is discharged is permanently barred from collecting… Continue Reading →