Chapter 7 Bankruptcy Proceedings

A Chapter 7 bankruptcy is also known as liquidation. It involves the trustee selling off your non-exempt assets to pay off creditors.

• Meet the eligibility criteria: you must have a valid U.S. citizen or resident status, be at least 18 years old, and have been financially troubled for at least five years prior to filing.
• File a petition with the bankruptcy court in the District of In re [Your Name]. You'll need to provide personal and financial information, including income statements and asset lists.
• The trustee will hold an automatic meeting of creditors (AMC) to discuss your case. You may be called upon to testify or appear remotely.
• After the AMC, you'll receive a discharge order, which will discharge most debts except for secured debts like mortgages and car loans.

Chapter 13 Bankruptcy Proceedings

A Chapter 13 bankruptcy is also known as reorganization. It involves creating a plan to pay off debts over time.

• Meet the eligibility criteria: you must have a valid U.S. citizen or resident status, be at least 18 years old, and have been financially troubled for at least five years prior to filing.
• File a petition with the bankruptcy court in [District of In re]. You'll need to provide personal and financial information, including income statements and asset lists.
• The trustee will review your plan to ensure it's feasible. You may be called upon to testify or appear remotely.
• After approval, you'll receive a discharge order, which will discharge most debts except for secured debts like mortgages and car loans.