{"id":3589,"date":"2016-12-07T12:29:02","date_gmt":"2016-12-07T19:29:02","guid":{"rendered":"https:\/\/debtfreecolorado.com\/?p=3589"},"modified":"2021-09-13T17:06:17","modified_gmt":"2021-09-13T23:06:17","slug":"chapter-7-bankruptcy-timeline","status":"publish","type":"post","link":"https:\/\/debtfreecolorado.com\/chapter-7-bankruptcy-timeline\/","title":{"rendered":"Chapter 7 Bankruptcy Timeline"},"content":{"rendered":"<p>Chapter 7 bankruptcy\u00a0may seem intimidating, but as you can tell from the following infographic, the steps that go into successfully completing your case are pretty straightforward.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-3590 aligncenter\" src=\"https:\/\/debtfreecolorado.com\/wp-content\/uploads\/2016\/12\/1.png\" alt=\"\" width=\"800\" height=\"2000\" srcset=\"https:\/\/debtfreecolorado.com\/wp-content\/uploads\/2016\/12\/1.png 800w, https:\/\/debtfreecolorado.com\/wp-content\/uploads\/2016\/12\/1-120x300.png 120w, https:\/\/debtfreecolorado.com\/wp-content\/uploads\/2016\/12\/1-768x1920.png 768w, https:\/\/debtfreecolorado.com\/wp-content\/uploads\/2016\/12\/1-410x1024.png 410w, https:\/\/debtfreecolorado.com\/wp-content\/uploads\/2016\/12\/1-200x500.png 200w, https:\/\/debtfreecolorado.com\/wp-content\/uploads\/2016\/12\/1-400x1000.png 400w, https:\/\/debtfreecolorado.com\/wp-content\/uploads\/2016\/12\/1-600x1500.png 600w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><img decoding=\"async\" class=\"size-full wp-image-3591 aligncenter\" src=\"https:\/\/debtfreecolorado.com\/wp-content\/uploads\/2016\/12\/2.png\" alt=\"\" width=\"800\" height=\"2000\" srcset=\"https:\/\/debtfreecolorado.com\/wp-content\/uploads\/2016\/12\/2.png 800w, https:\/\/debtfreecolorado.com\/wp-content\/uploads\/2016\/12\/2-120x300.png 120w, https:\/\/debtfreecolorado.com\/wp-content\/uploads\/2016\/12\/2-768x1920.png 768w, https:\/\/debtfreecolorado.com\/wp-content\/uploads\/2016\/12\/2-410x1024.png 410w, https:\/\/debtfreecolorado.com\/wp-content\/uploads\/2016\/12\/2-200x500.png 200w, https:\/\/debtfreecolorado.com\/wp-content\/uploads\/2016\/12\/2-400x1000.png 400w, https:\/\/debtfreecolorado.com\/wp-content\/uploads\/2016\/12\/2-600x1500.png 600w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p>For those of you who may not be able to view the image, the text follows:<\/p>\n<p>Chapter 7 Bankruptcy Timeline<\/p>\n<ul>\n<li><strong>Initial Consultation<\/strong>\n<ul>\n<li style=\"text-align: left;\">Meet with an attorney to discuss your financial circumstances and options including debt settlement, repayment plans, Ch. 7 and Ch. 13 bankruptcy. Takes about an hour and costs $0.00.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Retain Our Office<\/strong> &#8211;\u00a0<em>1\u00a0day\u00a0to\u00a02\u00a0weeks\u00a0after\u00a0the\u00a0initial\u00a0consult<\/em>\n<ul>\n<li>Sign the contract for legal services and make your first payment.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Make Payments<\/strong> &#8211;\u00a0\u00a0<em>Within\u00a04\u00a0months\u00a0of\u00a0retaining<\/em>\n<ul>\n<li>Pay\u00a0the\u00a0balance\u00a0of\u00a0your\u00a0attorney&#8217;s\u00a0fees\u00a0in\u00a0installments.\u00a0The\u00a0court\u00a0filing\u00a0fee\u00a0can\u00a0be\u00a0paid\u00a0during\u00a0this\u00a0time\u00a0or\u00a0after\u00a0your\u00a0case\u00a0is\u00a0filed.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Turn in Paperwork<\/strong> &#8211;\u00a0<em>With\u00a0your\u00a0final\u00a0attorney&#8217;s\u00a0fee\u00a0payment<\/em>\n<ul>\n<li>Once you&#8217;re ready to make your last payment, call our office to set up a time to drop off all your paperwork. The more thorough and complete your paperwork is, the quicker and easier your case will go.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Take\u00a0your\u00a0Credit\u00a0Counseling\u00a0Course<\/strong> &#8211;\u00a0<em>After\u00a0your\u00a0paperwork\u00a0has\u00a0been\u00a0turned\u00a0in\u00a0but\u00a0before\u00a0your\u00a0case\u00a0is\u00a0filed<\/em>\n<ul>\n<li>Before\u00a0your\u00a0case\u00a0is\u00a0filed,\u00a0the\u00a0court\u00a0requires\u00a0that\u00a0you\u00a0take\u00a0a\u00a0credit\u00a0counseling\u00a0course.\u00a0It\u00a0takes\u00a0about\u00a090\u00a0minutes,\u00a0costs\u00a0about\u00a0$15,\u00a0and\u00a0can\u00a0be\u00a0done\u00a0online.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Case\u00a0<\/strong><b>Preparation<\/b>\u00a0&#8211;\u00a0<em>Once\u00a0paperwork\u00a0is\u00a0turned\u00a0in\u00a0and\u00a0fees\u00a0are\u00a0paid<\/em>\n<ul>\n<li>We&#8217;ll\u00a0go\u00a0through\u00a0your\u00a0paperwork\u00a0and\u00a0be\u00a0in\u00a0touch\u00a0with\u00a0questions,\u00a0clarifications,\u00a0and\u00a0requests\u00a0for\u00a0for\u00a0information.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Sign and File<\/strong> &#8211;\u00a0<em>Generally\u00a0about\u00a02\u00a0&#8211;\u00a04\u00a0weeks\u00a0after\u00a0paperwork\u00a0is\u00a0turned\u00a0in\u00a0and\u00a0fees\u00a0paid<\/em>\n<ul>\n<li>Once\u00a0you&#8217;ve\u00a0reviewed\u00a0and\u00a0signed\u00a0everything,\u00a0we&#8217;ll\u00a0file\u00a0it\u00a0with\u00a0the\u00a0court.\u00a0Lawsuits,\u00a0garnishments,\u00a0foreclosures,\u00a0and\u00a0other\u00a0collections\u00a0stop\u00a0at\u00a0this\u00a0time.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Pay\u00a0Your\u00a0Court\u00a0Filing\u00a0Fee<\/strong> &#8211;\u00a0<em>Between\u00a015\u00a0and\u00a0120\u00a0days\u00a0after\u00a0the\u00a0case\u00a0is\u00a0filed<\/em>\n<ul>\n<li>If you didn&#8217;t do so before the case was filed, you can pay you court fee in installments after the fact. The first payment will be due within 15 days of case filing.<\/li>\n<\/ul>\n<\/li>\n<li style=\"text-align: left;\"><strong>341 Meeting of Creditors<\/strong> &#8211;\u00a0<em>About\u00a0a\u00a0month\u00a0after\u00a0your\u00a0case\u00a0is\u00a0filed<\/em>\n<ul>\n<li>No\u00a0judge,\u00a0no\u00a0jury,\u00a0just\u00a0a\u00a05\u00a0&#8211;\u00a010\u00a0minute\u00a0meeting\u00a0with\u00a0a\u00a0Trustee\u00a0to\u00a0answer\u00a0some\u00a0basic\u00a0questions\u00a0about\u00a0your\u00a0case.\u00a0You&#8217;ll\u00a0be\u00a0prepped\u00a0and\u00a0ready\u00a0and\u00a0your\u00a0attorney\u00a0will\u00a0be\u00a0there\u00a0with\u00a0you.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Take your Debtor Education Course<\/strong> &#8211;\u00a0<em>Within\u00a045\u00a0days\u00a0of\u00a0the\u00a0341\u00a0Meeting<\/em>\n<ul>\n<li>Before\u00a0your\u00a0debts\u00a0can\u00a0be\u00a0discharged,\u00a0the\u00a0court\u00a0requires\u00a0that\u00a0you\u00a0take\u00a0a\u00a0financial\u00a0management\u00a0course.\u00a0It\u00a0takes\u00a0about\u00a090\u00a0minutes,\u00a0costs\u00a0about\u00a0$15,\u00a0and\u00a0can\u00a0be\u00a0done\u00a0online.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Debts\u00a0Discharged<\/strong> &#8211;\u00a0<em>No\u00a0sooner\u00a0than\u00a060\u00a0days\u00a0after\u00a0your\u00a0341\u00a0meeting,\u00a0but\u00a0not\u00a0until\u00a0the\u00a0debtor\u00a0education\u00a0certificate\u00a0is\u00a0filed\u00a0and\u00a0court\u00a0filing\u00a0fees\u00a0are\u00a0paid<\/em>\n<ul>\n<li>All\u00a0the\u00a0debts\u00a0listed\u00a0in\u00a0your\u00a0case\u00a0that\u00a0can\u00a0be\u00a0discharged\u00a0are\u00a0wiped\u00a0out.\u00a0Certain\u00a0taxes,\u00a0student\u00a0loans,\u00a0child\u00a0or\u00a0spousal\u00a0support,\u00a0fees\u00a0owed\u00a0the\u00a0government,\u00a0and\u00a0other\u00a0debts\u00a0aren&#8217;t\u00a0affected.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Trustee Case Administration<\/strong> &#8211;\u00a0<em>Beginning\u00a0at\u00a0the\u00a0341\u00a0and\u00a0ending\u00a0when\u00a0the\u00a0job\u00a0is\u00a0done<\/em>\n<ul>\n<li>In a Ch. 7, you surrender certain assets in exchange for getting your debts wiped out. The Trustee collects these assets. We&#8217;ll make sure the amount you turn over is as little as possible, and ideally nothing.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Case Closed<\/strong> &#8211;\u00a0<em>No\u00a0sooner\u00a0than\u00a030\u00a0days\u00a0after\u00a0the\u00a0discharge\u00a0of\u00a0debts,\u00a0but\u00a0not\u00a0before\u00a0the\u00a0end\u00a0of\u00a0trustee\u00a0case\u00a0administration<\/em>\n<ul>\n<li>Once all the steps described above have been taken, the court will close your case and you can enjoy your fresh start.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: center;\">This timeline represents the most common stages major in a chapter 7 bankruptcy, and does not attempt to list every step, deadline, or obligation.<\/p>\n<p style=\"text-align: center;\"><strong>To discuss your debt with an experienced bankruptcy lawyer call\u00a0303-900-8598.<\/strong><\/p>\n<div class=\"ctc-tooltip unite\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Chapter 7 bankruptcy\u00a0may seem intimidating, but as you can tell from the following infographic, the steps that go into successfully completing your case are pretty straightforward. For those of you who may not be able to view the image, the text follows: Chapter 7 Bankruptcy Timeline Initial Consultation Meet with an attorney to discuss your [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[3,1,5],"tags":[],"_links":{"self":[{"href":"https:\/\/debtfreecolorado.com\/wp-json\/wp\/v2\/posts\/3589"}],"collection":[{"href":"https:\/\/debtfreecolorado.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/debtfreecolorado.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/debtfreecolorado.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/debtfreecolorado.com\/wp-json\/wp\/v2\/comments?post=3589"}],"version-history":[{"count":0,"href":"https:\/\/debtfreecolorado.com\/wp-json\/wp\/v2\/posts\/3589\/revisions"}],"wp:attachment":[{"href":"https:\/\/debtfreecolorado.com\/wp-json\/wp\/v2\/media?parent=3589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/debtfreecolorado.com\/wp-json\/wp\/v2\/categories?post=3589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/debtfreecolorado.com\/wp-json\/wp\/v2\/tags?post=3589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}