The Bankruptcy Process

New York and Long Island Bankruptcy Lawyers

At your first consultation with our law firm, we will explain all of your bankruptcy options to you. If you decide to go forward, we will then explain whether Chapter 7 bankruptcy or Chapter 13 bankruptcy is the appropriate route for you to go. Thereafter it will be necessary for you to provide us with financial information regarding your debts, assets and expenses for the purpose of our developing the bankruptcy petition.

Credit Counseling Course

It will be necessary that you take a two part credit counseling course. The first part of the credit counseling course must be taken prior to filing the bankruptcy. A receipt that you have taken the first half of the course is required to be filed with the court at the time of the filing of your bankruptcy. After the first creditors meeting you will be required to take the second half of the credit counseling course. A second certificate will be provided to you, which also must be filed in the bankruptcy court before you can obtain a discharge from the court.

Drafting Your Bankruptcy Petition

Our law office will carefully draft your bankruptcy petition. Thereafter we will meet with you and review the terms and conditions of your petition. At the meeting it will be necessary that you execute the petition. After execution our office will file the bankruptcy petition with the court.

Creditors Meeting

After the petition is filed with the court, in approximately four to six weeks it will be necessary that you appear for a creditor’s (341) meeting. At this meeting a Bankruptcy Trustee who is assigned to your case, will ask you questions concerning the information in your bankruptcy schedules. It will be necessary for you to appear at the meeting of the creditors. It will also be necessary that you bring a social security card and a photo ID to the creditor’s meeting.

At the meeting you will be questioned for approximately five to seven minutes by the Bankruptcy Trustee related to your assets and liabilities. Most of the time at the end
of the creditor’s meeting your case will be closed and within approximately ninety days you will receive a discharge from the court. In some situations the Trustee may require further information or have a second creditors meeting to deal with issues raised in the first meeting.

Contact The Law Offices of Elliot S. Schlissel

Contact Us for a free consultation to discuss your case and our qualifications to represent you.  The Law Offices of Elliot S. Schlissel. Feel free to call us toll free any time, day or night, at 1-800-344-6431, or in Queens, Kings, Richmond and the Bronx at 718-350-2802. You can also reach our Bankruptcy Lawyers in Nassau County or Suffolk County at 516-561-6645. We welcome your inquires.

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