What You Need to Know About the Process of Chapter 7 Bankruptcy
Chapter 7 bankruptcy is a more streamlined process than a Chapter 13 bankruptcy. However, they both share many common parts. For example, both require the debtor to complete 2 credit counseling courses in order to complete the bankruptcy case, and they both require the debtor to attend a trustee hearing.
The major steps of a typical Chapter 7 are laid out below. Remember that there are more steps and issues to cover than are listed here. This is just to give you some familiarity with the process. If you want to learn more about what Chapter 7 can do for you, click here. If you have questions about qualifying for Chapter 7, click here.