Bankruptcy Process

Bankruptcy - Chapter 13 & Chapter 7 Process

Since the federal bankruptcy laws have recently changed, the process through which individuals file for bankruptcy has changed as well. It is much more complicated and risky to prepare and file a bankruptcy on your own. You need the help of a knowledgeable bankruptcy attorney at The Law Offices of C. David Ward in order to effectively determine if filing for bankruptcy is the right course of action to take in resolving your financial situation.

• Next, before you file, you and your lawyer must determine which type of bankruptcy best suits your needs: Chapter 7 or Chapter 13. Lawyer David Ward will help you with the new means test calculation and the new pre-petition credit counseling requirement.

• From this point, the Law Offices of C. David Ward can start to prepare your bankruptcy petition. This includes the preparation of the petition, the schedules, the statement of financial affairs and electronically filing the case with the Bankruptcy Court.

• Once the petition is filed, the automatic stay will go into effect and your creditors must stop harassing you. You will have to attend a 341 meeting of creditors with the United State Bankruptcy Trustee. David Ward will have explained the full process to you so there will be no surprises when you attend this meeting. Once the meeting is over, before your debts are discharged, you will have to complete post-petition financial counseling. Throughout the bankruptcy process, your bankruptcy attorney, David Ward, will help you get a fresh start and regain your financial freedom.

• I have put together the Seven Step Process to clearly explain how the bankruptcy process works. This information will provide you with the time frame, costs involved, and how to move on post bankruptcy.

Contact bankruptcy lawyer C. David Ward for a free consultation today.