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 Illini Legal Services, formerly known as The Law Offices of C. David Ward in order to effectively determine if filing 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. Lawyers C. David Ward of Illini Legal Services will help you with the new means test calculation and new pre-petition credit counseling requirements.
- From this point, our attorneys at Illini Legal Services can start to prepare your bankruptcy petition. This includes the preparation of the petition, the schedules, the statement of financial affairs and electronic 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 with creditors with the United States Trustee. The lawyers at Illini Legal Services will have explained the full process to you so there will be no surprises when you attend the meeting. Once the meeting is over, before the debt is discharged, you will have to complete post-petition financial counseling. Throughout the bankruptcy process, Illini Legal Services will help you get a fresh start and regain your financial freedom.
- We 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 attorney C. David Ward or Joseph D. Lovelace for a consultation today.
Illini Legal Services is engaged in the private practice of law and is not a public legal aid agency. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
