Managing all the paperwork and contacts from and to your creditors and the bankruptcy trustee
Once you have retained our office it becomes our responsibility to guide you through the bankruptcy process, including all of the paperwork and to be the contact for your creditors. You receive a copy of every document this office receives relating to your case. You are welcome to call our office at any time to get clarification of the status.
In a chapter 13 there are many other issues and documents that must be filed, such as a plan of reorganization. This plan is sent to your creditors, reviewed, revised and refiled. The chapter 13 trustee assigned to your case will review the plan and have certain recommendations. These recommendations must be address, as do any secured creditor issues that arise. This process takes at least 6-12 months to finalize the plan. During that time and for the life of the plan you must make payments to the trustee and secured creditors as directed by Ms. Drain. This process continues throughout the life of your Plan – three to five years. See Chapter 13 Questions
Attending the “Meeting of Creditors“
This is a required meeting. Normally it will just be with the trustee, you and Ms. Drain. For consumers it is rare for creditors to be at this meeting. The trustee will ask a series of simple, but very important questions. Prior to this meeting the trustee will ask for copies of documents, such as tax returns, bank statements, insurance policies, etc. If you are working with our office you will have already been prepared for this request. It is extremely important to comply with all the reasonable requests of the trustee. If the trustee is becoming unreasonable then our office will address the matter with the court. Remember that the trustee is not the judge. The trustee is just one player in the bankruptcy process.
The Discharge is the magic document that every debtor waits for. In a chapter 7 the discharge usually comes from the Court approximately 3 to 4 months after your documents were filed starting your bankruptcy. In a chapter 13 you will not receive a discharge until after your entire Plan has been completed. No discharge is entered if this is a small business bankruptcy.
PS – No, this is not my grandson, but mine is just as cute
Disclaimer: The information in this web site is not intended to constitute legal advice or to create an attorney-client relationship. The information, documents or forms provided herein is intended for general information purposes only and must not be regarded as legal advice. Laws change periodically; therefore the information in this site may not be accurate. It is imperative that you seek legal counsel in order to ascertain your rights and obligations under the applicable law and based upon your specific circumstances.