Few things are as much of a mystery as the bankruptcy process. As an attorney who has successfully performed thousands of bankruptcies, I lay out the process as simply as possible. The Chapter 7 process is a template on which the Chapter 13 process sits. This is grossly over-simplified, but at least can provide a road map to where we’re headed.
Chapter 7 Process
341a Meeting of Creditors
Chapter 13 Process
For Chapter 13, there are some additional steps.
- Satisfy the trustee’s to-do list
- Confirmation Hearing
- (60 months without anything changing or going wrong)
This last point is in parenthesis but probably the most important of all. You can count on life changes over the course of five years. It’s impossible to predict what events will occur that will require further action to get you to the finish line, but this is where Chapter 13 success and experience is key to keeping things on track to get that discharge.