What Services Do You Offer Clients that Are Considering Bankruptcy?
We represent people and businesses in both Chapter 7 and 13 bankruptcy cases. We meet with people and businesses to counsel them on their debt resolution options so that they can make an informed choice on whether bankruptcy can help them meet their goals.
What Is Mortgage Modification and An Automatic Stay?
Mortgage modification is not part of bankruptcy. When we talk about mortgage modification, this is something that is relatively new. In general a mortgage modification is when your lender determines whether they will allow you to change the terms of your mortgage and modify it.
What Is the Role of A Bankruptcy Trustee in Chapter 7 Bankruptcy?
A chapter 7 bankruptcy trustee is a lawyer hired by the court and appointed to chapter 7 bankruptcy cases that are filed in a particular county or jurisdictions. The role of the chapter 7 trustee is to review the documents filed by the debtor and in chapter 7 to make sure that the assets are properly listed and that the exemptions claims are appropriate under the circumstances.
What Do I Bring to The Meeting of Creditors?
There are 2 things you must do after your case is filed: (1) attend the meeting of creditors (aka the 341 hearing); and (2) complete a debtor’s education course via phone within 75 days from the date your case was filed. The 341 hearing is sometimes referred to as the meeting of creditors because your creditors can attend the meeting and ask you questions about the information contained in your petition.
What Sort of Questions Does the Trustee Ask in A 341 Meeting?
The questions involve broad information in your petition, including assets, debts, income, expenses and transfers or transactions. This is one of the differences between a 341 meeting in a chapter 7 and a chapter 13. In a chapter 7 341, the chapter 7 trustee is really more interested in assets and less interested in income and expenses.