Fields Of Law
If you have been to try to resolve your debts on your own or pay them again, it could take years and value you thousands of dollars. A chapter 7 bankruptcy usually prices less than $2,000 and takes about three months. Of course, during these three months you are not making any funds, you might be protected by the automatic keep, and your lawyer is handling the work in your case. As quickly as your bankruptcy lawyer information your chapter 7 petition, you get the automatic stay.
About 30 days after your petition is filed, you will attend a 341 assembly together with your lawyer. The 341 meeting is in entrance of the chapter 7 trustee and normally takes 5 to 10 minutes. You will get your bankruptcy discharge roughly 60 to 90 days after the 341 assembly.
The chapter 7 discharge applies to all of the debts that you …