The individual(s) or business filing for bankruptcy is referred to as the "Debtor". Once the Debtor files a "petition", the bankruptcycourt clerk mails out notices to all creditors advising of the "meeting of creditors", which the Debtor is required to attend.

The meeting of creditors is conducted by an individual known as the "Trustee", who is assigned to oversee and review the petition, ask questions of the Debtor, and conduct a due diligence investigation of the cases assigned.

At this meeting, the Trustee will ask questions of you under oath in which you are required to respond. If the Trustee finds that you have no assets, then you should receive a discharge 60 days after the meeting of creditors, if no creditors object during that period of time.

The above is designed to give you a brief summary of information and detail involved in filing for bankruptcy relief. Our job is to give you the best representation possible, while helping discharge as much debt and keep as many assets as possible under the law. Please contact us at your earliest convenience for a free personal consultation to find out the best remedy for your situation, and to discuss your available options.

I heard the laws changed a few years ago and that bankruptcy is no longer possible for  most people. Is this true?

The federal government passed new bankruptcy reform legislation in October 2005. However, don't be discouraged! Most studies indicate that the new law affects less than 15% of individuals who could have filed previously. If you are feeling overwhelmed by your debts and considering filing bankruptcy, it is highly probable that you fall into the category of the 85 percent of people who are still eligible to file.

Will I be able to rebuild my credit?

Bankruptcy laws are in place for a purpose. The laws exist to help people like you get debt relief and to begin a fresh start! Unfortunately, People commonly misconceive the effect filing for bankruptcy can have on their lives and believe they will never be able to reestablish their credit, never get a credit card again, or never buy a house. This is not the case. You can reestablish your credit after bankruptcy! Typically, you will start to receive offers for credit cards within 1 or 2 years after your filing.