Chapter 7 Bankruptcy – Seattle Paralegal Services

Chapter 7 Bankruptcy

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 may wipe your debt away 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 your house and car.

Dawson Paralegal Services can help you with your Chapter 7 Bankruptcy Documentation

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

Dawson Paralegal Services paralegals are familiar with the local bankruptcy courts and rules and can help ensure all of your assets and debts are presented to the court, thereby avoiding the possibility of bankruptcy fraud charges.

Once you file your chapter 7 bankruptcy petition with the bankruptcy court, all collections against you and your property may be subject to the automatic stay – automatically stopping collections efforts, including harassing phone calls, letters, and other proceedings, while bankruptcy proceedings take place.  However, there are exceptions.

Within 30 days of filing, a meeting with your trustee will be scheduled.  Your creditors are allowed to come to this meeting and ask you questions; most of the time your creditors will not show up at the meeting.  The purpose of this meeting is primarily to determine whether your chapter 7 bankruptcy will remain in Chapter 7, be converted to another chapter under Title 11 of the United States Code such as Chapter 13 and to confirm that you have disclosed all of your assets and liabilities to the best of your ability. To help you navigate through this meeting, Dawson Paralegal Services provides you with a list of questions that the trustee is required to ask you.  These questions are found in the United States Trustee’s Handbook.

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 120 to 150 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.

Call Dawson Paralegal at 206-841-8177 or email us, or by clicking here.

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.

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