The Life Cycle Of Chapter 7 Bankruptcy

At the office of Lewis & Monroe, PLLC, in Orlando, Florida, we have over 30 years of combined experience handling a wide variety of bankruptcy issues, including Chapter 7 bankruptcy. Our firm takes the time to determine the type of bankruptcy that is right for each client and works to see that his or her best interests are being served.

How It All Starts

We start all bankruptcy cases by consulting with our clients over a free initial office consultation. At the appointment, an attorney will consult with you to get the background information needed to determine if you qualify for Chapter 7. A fee is quoted if it is determined that bankruptcy is the way to go. If you decide to retain the law firm, a portion of the fee is paid and you are given paperwork to complete, as well as a list of documents and other information that the law firm needs for the bankruptcy petition and schedules.

After this, we direct you to take their first credit counseling session, which is required by law.  At our second meeting, we review your documents and the questionnaire provided by our firm, along with the certificate of completion of the credit counseling session and all the other documents the court requires.

Right Before Filing Bankruptcy....

At your last meeting with us before the bankruptcy is filed, you review all documents and sign the bankruptcy petition. This allows us to move forward with your case.

  • You are then directed to take your second credit counseling session immediately after the case is filed. The 341 meeting (meeting of the creditors) is set by the court within 20 to 40 days after the case is filed. This is a meeting in a simple conference room you are placed under oath and asked about assets, petition schedules, debts and transactions by a Chapter 7 trustee.
  • Once this meeting has concluded, creditors have up to 60 days in which to file an adversary complaint to try and block you from discharging debt. However, creditors have very narrow grounds upon which to file this type of complaint and, in most cases, none can be filed.
  • After the conclusion of the 341 meeting, the bankruptcy trustee has 30 days to challenge any property that is being claimed as exempt.
  • After the 60-day period has run, the bankruptcy court will issue the discharge and you move on with a fresh financial start.

Begin Today. Contact Us.

To learn more about the life cycle of Chapter 7 or other consumer bankruptcy matters, call 407-917-4147 or contact us online to schedule an appointment for a free initial office consultation with one of our bankruptcy attorneys in Orlando.

The hiring of a lawyer is an important decision that should not be based solely upon advertisements. Before you decide, ask us to send you free written information about our qualifications and experience.

We are a debt relief agency. We counsel clients according to federal bankruptcy code.