Chapter 7 Bankruptcy
Chapter 7 Bankruptcy Certified Paralegal
Chapter 7 is the most frequently used chapter. In today’s challenging economic times, filing for chapter 7 bankruptcy relief could be the best solution for you. Dawson Paralegal Services makes filing for chapter 7 bankruptcy a smooth process.
Chapter 7 bankruptcy can wipe your debt away and giving you a clean slate. A chance at a fresh start. It’s intended to assist those who are no longer able to pay back their debts.
The number of people nationwide filing for chapter 7 bankruptcy is on the rise. More than 1.5 million Americans filed for Chapter 7 bankruptcy in 2010. Making it the most common form of bankruptcy. In most instances you are able to keep your assets such as you house and car.
Dawson Paralegal can help you with your Chapter 7 Bankruptcy Filing
A common way to navigate the hurdles of bankruptcy court is to hire a paralegal service to ensure all of your paperwork is correctly completed.
A paralegal can help compile documentation required by the courts, including:
- Schedules of assets and liabilities
- Schedule of income and expenditures
- Statement of financial affairs
- Copies of recent tax returns
- Lists of exempt assets
Seattle paralegals are familiar with the local bankruptcy courts and can help ensure all of your assets and debts are presented to the court, thereby avoiding the possibility of bankruptcy fraud charges.
Once your paralegal has completed your initial chapter 7 bankruptcy petition, all collections against you and your property may be subject to the automatic stay under automatically stopped while bankruptcy proceedings take place. However, there are exceptions.
Within 40 days of filing, a meeting with your trustee and your creditors will be held to determine whether your chapter 7 bankruptcy will remain in Chapter 7, or be converted to a Chapter 13 bankruptcy. To help you navigate through this meeting, Dawson Paralegal Services provides you with a list of questions that the trustee is most likely to ask you.
It is important for you to attend all meetings and hearings with the court trustee and creditors and provide all of the information requested of you.
Individuals who are organized and provide all relevant information can typically finish their Chapter 7 bankruptcy proceedings within 90 days.
A successful Chapter 7 bankruptcy ends with you being “discharged” of all your debts. You are no longer liable for any debts that are discharged in your chapter 7 bankruptcy.
It is important to note the distinction between a paralegal and an attorney. Paralegals are able to assist in the creation of various legal documents, drafting for different processes, and act in several other vital support roles, but they are not able to provide legal advice. State law requires that all paralegals refrain from offering counsel, advice, and guidance on legal matters. Should you wish to engage someone for those services, you should contact an attorney-at-law.