file bankruptcy for Dummies



Filing the petition beneath chapter thirteen “instantly stays” (stops) most collection steps in opposition to the debtor or even the debtor’s assets. Chapter thirteen also contains a Exclusive “automatic stay” provision that guards co-debtors.

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The trustee will acquire month to month payments from you and distribute them towards the creditors, based on the repayment strategy. You must entire all the payments as a way to receive a discharge at the end of the bankruptcy.

Establish the seriousness of problems/troubles which could range between late bar service fees to extra serious difficulties necessitating disciplinary motion.

Generally, at the conclusion of the Assembly, Trustee notifies his/her intention to situation a No Distribution Report. If Trustee needs additional information which can be useful in such a resolve, he/she would request the debtor or his/her attorney to supply Trustee with that information and facts inside a specific stretch of time.

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