Bankruptcy Process Timeline

(while each filing is unique, this timeline can be used as a basic guide on what to expect during the filing process)

START

Debt, Credit Card, Hospital, Medical Bills, Foreclosure, etc.

Contact Jan or Ryan for a complementary evaluation of your needs. We can answer general questions and get an idea of how we can help you at this time.

Once you make the decision to employ us as your bankruptcy counsel, we will forward you a questionnaire and list of documents we will need to prepare your bankruptcy petition. We can make a decision at this time on which chapter of the Bankruptcy Code to file under. See our sections on specific types of bankruptcy (chapter 7, chapter 11, chapter 13) to get a general idea on which type may suit your situation. Please call or email your request for our questionnaire and document list.

Complete Required Credit Counseling Course

Decision to File: We will file a Bankruptcy Petition with the US Bankruptcy Court for the District of Maryland, just down the road at 101 West Lombard Street in Baltimore (we will file at the Greenbelt location for residents of Southern Maryland).

File a statement of your assets and liabilities and a schedule listing your creditors.

Automatic Stay
Take a deep breath because creditors immediately are prohibited from continuing collection efforts, which includes garnishment of wages, foreclosure, and repossession.

Chapter 7

Non-exempt assets to trustee for liquidation.
Process takes 4-6 months typically.

Chapter 13

Individual retains possession of assets, follows payment plan for 3-5 years.

Exemptions
(You will be able to keep some possessions and assets)

Non-Dischargeable Debts
(Not all debts can be cleared such as student loans or child support payments)

Complete Financial Management Course
(typically takes a day to complete and can be done online)

Discharge

A New Beginning

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