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How long does bankruptcy take? That’s a common question asked by people considering bankruptcy. The answer depends on whether someone files Chapter 7 or Chapter 13. One takes a few months, the [...]

Coming to the realization that your debt situation might be unmanageable and you have to consider bankruptcy is usually difficult. But then it only compounds when you start to think about the [...]

We’ve completed our discussion of Schedules A-H, which cover the debtor’s property (Schedules A and B); the debtor’s exempt property (Schedule C); and the debts the debtor owes (Schedules D, E [...]

Schedule G, Executory Contracts and Unexpired Leases; and Schedule H, Codebtors, often are left blank because there aren’t any. We’re going to talk about both today since they are [...]

Today we’re going to discuss the second schedule that lists a debtor’s property, Schedule B. This is personal property, which is anything other than real property. You can find Schedule B here. [...]

Whether someone files a full or skeleton bankruptcy, she must file the List of Creditors, also known as the matrix, within two days of filing the petition. The matrix is a list of all creditors [...]

Once the debtor has completed the Means Test and knows that she qualifies for Chapter 7, has taken the Consumer Credit Counseling course and received a certificate, and has gathered all the [...]

Among the many choices when someone files bankruptcy is the choice whether to make a full filing or an emergency filing, sometimes called a skeleton filing, because it’s a “bare-bones” type of [...]

What is the credit counseling course that is required to file bankruptcy?

Yesterday we talked about the Means Test and how to fill out Form 122A-1 properly to see if you qualify for Chapter 7. Assuming you do, the next step is to gather all the information needed to [...]