Critique Services - How to file for Chapter 7 Bankruptcy

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Critique Services - How to file for Chapter 7
Bankruptcy
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• Are you experiencing financial constraint and
  would like to file a complaint? Get in touch with
  Critique Services for a legal representation in
  court. Chapter 7 Bankruptcy, also referred to as
  Liquidation Bankruptcy, is a form of bankruptcy
  used to clear certain types of unsecured debts
  such as medical bills.

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• According to Critique Services, whether you hire
  an Attorney or credit counseling agencies to
  legally assist you, the process will still be the
  same.

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Here are 8 possible steps you should follow
Credit Counseling

• Before filing for Chapter 7 Bankruptcy, it is
  advisable that you get credit counseling from an
  approved Counseling Agency within 180 days.

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Hiring an Attorney

• Although you can find a lot of useful information
  on the internet concerning bankruptcy, you should
  talk to a licensed bankruptcy Attorney who is
  familiar with the law in your area.

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Completing Paperwork

• As your Attorney assists you in filing your
  petition, you must provide all related documents
  of your properties, income, debts, tax returns,
  monthly household living expenses, and so on.
  Filing a petition will shield you against
  lawsuits by creditors who threaten you for
  payment.

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Cooperate with your Trustee

• After filing your petition, the court will
  appoint a bankruptcy trustee to handle your case.
  The trustee will ensure that you understand the
  potential impact of bankruptcy on your credit
  score, and your ability to file future petitions.
  Just cooperate with your trustee to successfully
  file for Chapter 7 bankruptcy.

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Meet with Creditors

• Once you have filed your petition, the designated
  trustee will schedule a meeting between you and
  your creditors. The main aim of this meeting is
  for you to verify, under oath, that the details
  in your paperwork are correct.

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Confirming your Eligibility

• After your meeting is over, your eligibility for
  bankruptcy protection will be determined by the
  trustee based on your details. If you are
  eligible, then your case will proceed to the next
  level.

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Property Liquidation

• Nonexempt property such as cars will be evaluated
  to determine their worth in preparation to pay
  off the creditors. If selling them is not
  cost-effective, then you might end up keeping
  some of your non-exempt property.

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Discharging your Debts

• After your trustee sells your nonexempt property
  and pays off creditors, the remaining property is
  then discharged to you. Before discharging the
  case, you will be required to undertake a
  mandatory financial education course from an
  approved credit counseling agency. This newly
  acquired financial knowledge will help you make
  better financial decisions in the future.

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• Do you want legal guidance for your case? Get in
  touch with a qualified bankruptcy attorney at
  Critique Services.

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