Chapter 7 bankruptcy proceedings are referred to as “straight bankruptcy” or “liquidation” because your assets will be liquidated and dispersed among your creditors. The type of proceeding depends on whether your debts are mostly consumer debts or not.
You can expect to begin your case by filing the petition and matrix, which is a list of creditor names and addresses, with the bankruptcy court. Within 14 days of the entry of order for relief, you will file the schedules, certificate of pre-petition counseling and other documents. All these filings may be done all at one time, but in the event that you do not have the certificate before filing your petition, you’ll have 14 days to do so.
Order for Relief
The clerk will prepare an order for relief and send it to creditors within 21 days of the entry of the order. The order for relief will state notice of the §341(a) meeting of creditors and the last day for filing creditors’ claims. Within 14 days of the order for relief and 14 days of any payment or supplemental fee agreement, your Clermont bankruptcy attorney has to file the attorney’s compensation statement.
If you are obligated to pay child support, alimony or other domestic support obligations, the trustee will notify the spouse that they can use a state child support enforcement agency to obtain support while the case is proceeding. The trustee will also notify that agency about the domestic support claim. Finally, once the debt is discharged, the trustee must notify the ex-spouse and child support enforcement agency about the discharge, your last address, employer and the name of creditors that were reaffirmed or not discharged.
Filing for bankruptcy can be a daunting process all on your own. For your best chance of success, contact Merideth Nagel, P.A., Attorney at Law, a bankruptcy lawyer in Clermont at 352-404-4634 or toll free 877-580-6868.
Serving West Orange County, Lake County, Sumter County & Marion County