33

4

03

1 YEAR BEFOREMONTHS

12 9 6 3 3 6FILLING

6 MONTHS BEFOREMONTHS

12 9

9

6 3 3 6FILLING

As soon as you file your bankruptcy petition, the court bankruptcy petition, the court will order an injunction called an “Automatic Stay” that will prevent creditors from taking most legal or collection actions against you during your case or until it is lifted by

the court.the court.

You are appointed a trustee, a federal employee who will meet with you and oversee

your case.

In the 6 months before filing you must have a meeting with an approved nonprofit budged and credit counseling agency.

3 MONTHS BEFOREMONTHS

12 6 3 3 6FILLING

If you take out credit of $500 or more for luxuries in the 3 months before filing that luxury debt may not be dischargeable.

9

FILING FOR BANKRUUPTCYMONTHS

12 6 3 3 6FILLING

15 DAY AFTERMONTHS

12 9 6 3 3 6FILLING

30 DAYS AFTERMONTHS

12 9

9

6 3 3 6FILLING

Certain papers declaring your assets, liabilities,

expenses and income must be filed within 15 days of your petition, but are typically included with your filing.

15 days after filing your petition the court will schedule the meeting

between you, your trustee, ad creditors.

The meeting between you, your trustee, and creditors typically happens 20 to 40 days after filing. If you do not attend the meeting you case

will be dismissed.

Within 6 weeks you must file a certificate from an attorney that you have been advised on your bankruptcy options, and file a statement of any increased income or expen-ditures you can foresee in the

near future.near future.

4 TO 6 MONTHS AFTERMONTHS

12 6 3 3 6FILLING

A successful Chapter 7 bankruptcy case typically leads to a debt discharge within 4 to 6 months of filing.

9

3 TO 6 WEEK AFTERMONTHS

12 6 3 3 6FILLING

A FRESH START WITH CHAPTER 7 BANKRUPTCY

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