How Bankruptcy Works

Bankruptcy is one of the scariest words in the dictionary; however, the bankruptcy team at Brodzki Jacobs will make this process easy on our clients as we are there every step of the way. Here’s how the process works:

  1. Free initial consultation WITH AN ATTORNEY- One of our attorneys will go through your assets, your liabilities and your budget with you to ascertain whether this is the best option for you and if so, which chapter would apply.
  2. Second consultation-This consultation takes about an hour and is done with one of attorneys who will go through pages of documentation about you, your assets, your liabilities, and your budget. At this point, you retain the office and we will answer your creditor calls.
  3. Filing the petition-Again, you will review and sign your petition with a Brodzki Jacobs bankruptcy attorney who will then file the petition electronically with the Bankruptcy Court.
  4. Appearing at the 341 Meeting-You and your attorney will attend the 341 meeting of creditors at the Federal courthouse. This meeting is conducted by the bankruptcy trustee and is not a typical hearing. It is a review and analysis of your petition.
  5. Chapter 13 Confirmation Hearings-An attorney from our team will appear at this court hearing on your behalf. Only in limited circumstances are debtors required to appear at this hearing.
  6. Discharge-This happens in about 90 days after the 341 meeting in Chapter 7 matters and once the plan is completed in Chapter 13 matters.

Remember, the bankruptcy attorneys at Brodzki Jacobs will be there every step of the way through the process to answer questions, and offer guidance in this trying time.

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