Chapter 7 Bankruptcy: What’s Required?
Usually there are no court appearances in a Chapter 7 bankruptcy. Once your case is filed, you will have to appear at a meeting with your court appointed trustee. An attorney from our office will be there with you to guide you through the meeting. The meeting is referred to as a Section 341 meeting and is very quick and informal; taking place approximately five weeks after your case is filed. You generally will receive your Discharge Papers three months after that meeting.
Avoiding Problems When Filing Chapter 7
Every bankruptcy case is different but there are a few things that you should avoid doing under any circumstances:
- Do not make any more charges or take cash advances on any of your credit cards
- Do not make any property transfers
- Do not pay off one of your credit cards as this is called a “preference” and can make it more difficult for you to get a discharge.
Free Consultation with a Chicago Chapter 7 Bankruptcy Law Firm
If you are interested in speaking to one of our Chicago Chapter 7 Bankruptcy attorneys regarding your financial situation, please call us for a FREE, confidential consultation at (312) 360-0500.