Blog

Generally, a simple, no-asset Chapter 7 bankruptcy case will last about 4 months from filing to discharge. A no-asset case is one in which all assets of the debtor are exempt.

The Chapter 7 Bankruptcy is basically set up to force your creditors, whether a mortgage company, taxing authority or credit card company, to stop their debt collection efforts.

1) Don't use your credit cards after you've met with your bankruptcy attorney.

If, after making efforts to save your house, it appears inevitable that you may lose it to foreclosure, you should be prepared to pay the costs associated with moving and renting a new home.

In your bankruptcy petition, you must list ALL of your assets -- even if the asset is not in your possession, even if you don't want to keep it, even if the value is unknown, contingent, or has little value.