Step 1 – Making the Decision to File for Chapter 7
The first step in the process to file bankruptcy in Utah is to consult with an experienced bankruptcy lawyer to increase the advantages of filing for bankruptcy. While bankruptcy isn’t the best solution in every situation, when it is appropriate it offers significant relief. With a convenient case evaluation, our experienced bankruptcy lawyers can help you determine if filing for bankruptcy is right for you. Schedule a free initial consultation today!
Step 2 – Pre-Bankruptcy Filing Steps
Once you retain our office, we help you gather all of the information needed to prepare and file your bankruptcy petition. Once your bankruptcy petition is filed with the court, an automatic stay goes into effect. The automatic stay prevents your creditors from legally taking any collection action against you–including garnishment, repossession, foreclosure, or collection calls–or any of your property. Violations of the automatic stay subject creditors to substantial penalties. If your situation involves an emergency, such as an imminent foreclosure, garnishment, or repossession then a bankruptcy filing can usually be done the same day of your initial consultation with our office. In an emergency matter, we help you file the minimum required paperwork to open a case and then file the remaining paperwork within fourteen days.
Step 3 – Meeting of Creditors
Within 4-6 weeks after filing your bankruptcy petition, together we will attend a meeting with the bankruptcy trustee called the 341 Meeting of Creditors. The 341 meeting is routine and the majority of the time your time with the trustee lasts a mere five to ten minutes. Prior to the meeting of the creditors our clients receive information detailing the typical questions asked by the truste and all the required documents to bring, so they are well prepared.
Step 4 – Discharge & Case Closure:
Usually 60 – 90 days after the 341 meeting, the court will order a discharge of your debts. In a typical case, the discharge takes place approximately four to five months after filing the bankruptcy case. Free Convenient Bankruptcy Consultation