Timeline

In general, this is how the Chapter 7 process works:  

• Client signs the fee agreement, pays retainer and is given BANKRUPTCY WORKSHEETS to complete.
• Client drops off completed forms.
• Client needs to compile the following information:
  • List of creditors and the amount and nature of their claims
  • Source amount and frequency of debtor’s income
  • List of all the debtor’s property
  • Detailed list of debtor’s monthly living expenses (food, clothing, shelter, utilities, medical, etc.)
• We try to mail a rough draft of the bankruptcy papers back to the client within three weeks of receiving completed forms.
• Over the next 3-7 weeks we meet with the client, make corrections and revisions to the papers, and strive to get the papers as accurate as possible prior to filing the case.
• Most chapter 7 cases are filed within 6-12 weeks of the date the fee agreement is signed (item # 1 above).
• The automatic stay takes effect once the case is actually filed with the bankruptcy clerk.
• The bankruptcy clerk will mail a notice of your case to all creditors advising them of the case filing, the date of filing, the case number and the time, date and location of the hearing.  This notice is mailed about 7-10 days after filing (with out-of-state creditors, it can take up to 2-4 weeks for them to cease contacting you).
• Meeting of creditors (hearing) is held approximately 20 - 40 days after filing.