BANKRUPTCY BASICS 413-253-9128
BANKRUPTCY BASICS VIDEOS BY US BANKRUPTCY COURT
Introduction: Bankruptcy Basic (and in Spanish) Types of Bankruptcy (and in Spanish) Limits of Bankruptcy (and in Spanish) Filing For Bankruptcy (and in Spanish) Creditors Meeting (and in Spanish) Bankruptcy Crimes (and in Spanish) Court Hearings (and in Spanish) The Discharge (and in Spanish) Legal Assistance (and in Spanish) |
Click to set custom HTML
Bankruptcy can be a complex process. Attorney Bascomb can help decide what the best choices are for your situation.
In a Chapter 7 Bankruptcy Case, the debtor surrender (or purchases) non-exempted property and receives a discharge. For more information visit the US Bankruptcy Court webpage. In a Chapter 13 Bankruptcy Case, the debtor proposes a plan that will give the creditors what they would get under a chapter 7 plus their disposable income. For more information visit the U.S. Bankruptcy Court webpage. To learn more about bankruptcy use the links on the left to view video produced by the U.S. Bankruptcy Court/Federal Courts. Please note that the Bankruptcy Court site states "While the information presented is accurate as of the date of publication, it should not be cited or relied upon as legal authority. It should not be used as a substitute for reference to the United States Bankruptcy Code (title 11, United States Code) and the Federal Rules of Bankruptcy Procedure, both of which may be reviewed at local law libraries, or to local rules of practice adopted by each bankruptcy court. Finally, [these videos and] publication should not substitute for the advice of competent legal counsel." |
REQUIRED DISCLOSURE:
IMPORTANT INFORMATION ABOUT BANKRUPTCY ASSISTANCE SERVICES
FROM AN ATTORNEY OR BANKRUPTCY PETITION PREPARER (required by Section 527(b))
If you decide to seek bankruptcy relief, you can represent yourself, you can hire an attorney to represent you, or you can get help in some localities from a bankruptcy petition preparer who is not an attorney.
THE LAW REQUIRES AN ATTORNEY OR BANKRUPTCY PETITION PREPARER TO GIVE YOU A WRITTEN CONTRACT SPECIFYING WHAT THE ATTORNEY OR BANKRUPTCY PETITION PREPARER WILL DO FOR YOU AND HOW MUCH IT WILL COST.
Ask to see the contract before you hire anyone.The following information helps you understand what must be done in a routine bankruptcy case to help you evaluate how much service you need. Although bankruptcy can be complex, many cases are routine.Before filing a bankruptcy case, either you or your attorney should analyze your eligibility for different forms of debt relief available under the Bankruptcy Code and which form of relief is most likely to be beneficial for you. Be sure you understand the relief you can obtain and its limitations. To file a bankruptcy case, documents called a Petition, Schedules and Statement of Financial Affairs, as well as in some cases a Statement of Intention need to be prepared correctly and filed with the bankruptcy court. You will have to pay a filing fee to the bankruptcy court. Once your case starts, you will have to attend the required first meeting of creditors where you may be questioned by a court official called a 'trustee' and by creditors. If you retain Michael Jones, he will thoroughly explain all of this to you.If you choose to file a chapter 7 case, you may be asked by a creditor to reaffirm a debt. You may want help deciding whether to do so. A creditor is not permitted to coerce you into reaffirming your debts. A bankruptcy petition preparer is prohibited by law from helping you in any way to resolve this problem.If you choose to file a chapter 13 case in which you repay your creditors what you can afford over 3 to 5 years, you may also want help with preparing your chapter 13 plan and with the confirmation hearing on your plan which will be before a bankruptcy judge. Again, a bankruptcy petition preparer is prohibited by law from assisting you in any way to do this; only an attorney may help you prepare and confirm your plan.If you select another type of reliefunder the Bankruptcy Code other than chapter 7 or chapter 13, you will want to find out what should be done from someone familiar with that type of relief. The only other type of relief available to you under the Bankruptcy Code is under Chapter 11, and only an attorney may assist or represent you in these matters; it is recommended that you retain an attorney specifically qualified to deal in Chapter 11 matters if you choose to file under this chapter.
We are a debt-relief agency helping people file for bankruptcy relief under the Bankruptcy Code.
IMPORTANT INFORMATION ABOUT BANKRUPTCY ASSISTANCE SERVICES
FROM AN ATTORNEY OR BANKRUPTCY PETITION PREPARER (required by Section 527(b))
If you decide to seek bankruptcy relief, you can represent yourself, you can hire an attorney to represent you, or you can get help in some localities from a bankruptcy petition preparer who is not an attorney.
THE LAW REQUIRES AN ATTORNEY OR BANKRUPTCY PETITION PREPARER TO GIVE YOU A WRITTEN CONTRACT SPECIFYING WHAT THE ATTORNEY OR BANKRUPTCY PETITION PREPARER WILL DO FOR YOU AND HOW MUCH IT WILL COST.
Ask to see the contract before you hire anyone.The following information helps you understand what must be done in a routine bankruptcy case to help you evaluate how much service you need. Although bankruptcy can be complex, many cases are routine.Before filing a bankruptcy case, either you or your attorney should analyze your eligibility for different forms of debt relief available under the Bankruptcy Code and which form of relief is most likely to be beneficial for you. Be sure you understand the relief you can obtain and its limitations. To file a bankruptcy case, documents called a Petition, Schedules and Statement of Financial Affairs, as well as in some cases a Statement of Intention need to be prepared correctly and filed with the bankruptcy court. You will have to pay a filing fee to the bankruptcy court. Once your case starts, you will have to attend the required first meeting of creditors where you may be questioned by a court official called a 'trustee' and by creditors. If you retain Michael Jones, he will thoroughly explain all of this to you.If you choose to file a chapter 7 case, you may be asked by a creditor to reaffirm a debt. You may want help deciding whether to do so. A creditor is not permitted to coerce you into reaffirming your debts. A bankruptcy petition preparer is prohibited by law from helping you in any way to resolve this problem.If you choose to file a chapter 13 case in which you repay your creditors what you can afford over 3 to 5 years, you may also want help with preparing your chapter 13 plan and with the confirmation hearing on your plan which will be before a bankruptcy judge. Again, a bankruptcy petition preparer is prohibited by law from assisting you in any way to do this; only an attorney may help you prepare and confirm your plan.If you select another type of reliefunder the Bankruptcy Code other than chapter 7 or chapter 13, you will want to find out what should be done from someone familiar with that type of relief. The only other type of relief available to you under the Bankruptcy Code is under Chapter 11, and only an attorney may assist or represent you in these matters; it is recommended that you retain an attorney specifically qualified to deal in Chapter 11 matters if you choose to file under this chapter.
We are a debt-relief agency helping people file for bankruptcy relief under the Bankruptcy Code.