Contact Us
Phone: 423-205-7744
Location
4416 Brainerd Rd.
Chattanooga, TN 37411
Hours
- Mon - Fri
- -
- Sat - Sun
- Closed
Call Now 24/7 Free Consultation: 423-205-7744
Know the Key Deadlines in Your Bankruptcy Case
When filing a Chapter 7 bankruptcy, you can expect the standard bankruptcy process to take about four months. The process ends with a liquidation of unsecured assets or discharge of debts. When filing a Chapter 13 bankruptcy , where you pay back some or all of your debts, you can expect the standard bankruptcy process to take from three to five years. Regardless of the timeline of your bankruptcy, there are a few key deadlines that are key in every bankruptcy case.
3 Key Bankruptcy “Dates” to Remember:
Filing Date: The date the case is filed is the most important date or deadline in any bankruptcy case. This is the date on which the automatic stay goes into effect providing protection against creditors seeking payment.
341 Meeting Date: The 341 Meeting, or the Meeting of Creditors, is a key date in any bankruptcy case. Every bankruptcy filer is required to attend a 341 Meeting and answer questions under oath. The meeting is typically about 10 minutes long, takes place in a meeting room or office space (with your attorney by your side). At the Meeting of the Creditors, the Bankruptcy Trustee asks questions (usually yes or no questions), and the bankruptcy filer provides the answers. Creditors have the option to attend the Meeting of Creditors so they can ask questions, but they rarely attend, and if they do, it is generally not contentious.The date of the 341 Meeting is a key deadline in any bankruptcy case because the bankruptcy filer must attend in order to receive a discharge of debt.
Date of Discharge: The final key date in any bankruptcy case is the date of discharge. When the bankruptcy process is complete, and all bankruptcy requirements have been met, the bankruptcy filer receives a Discharge Order. The Discharge Order is an order of the court officially discharging and eliminating all eligible debts. The Discharge Order is the standard final conclusion to a bankruptcy case.
If you have questions about other important dates during the bankruptcy process , we can help. Find out more about getting a fresh financial start through bankruptcy. Get in touch with Kenneth C. Rannick P.C., Tennessee, and Georgia bankruptcy attorney as soon as possible.
The post Know the Key Deadlines in Your Bankruptcy Case appeared first on Kenneth C. Rannick, P.C..
Schedule a Case Evaluation
Contact us now!
Homepage FCE Form
By submitting this form, you agree to be contacted by our law firm, either by phone, text or by email.
Hours
- Mon - Fri
- -
- Sat - Sun
- Closed
Flexible Appointment Scheduling
24/7 Phone Availability
*$0 down to get your Chapter 7 case started applies to clients who choose to file a Chapter 7 bankruptcy with the U.S. Bankruptcy Court through Kenneth C. Rannick, P.C. We will open a Chapter 7 file for a client with as little as $0 down, however, our office will not file a client's Chapter 7 without an affordable down payment on attorney fees.
*$0 down to get your Chapter 13 case started applies to clients who choose to file a Chapter 13 bankruptcy with the U.S. Bankruptcy Court through Kenneth C. Rannick, P.C. Our law office will file a Chapter 13 without requiring any costs or attorney fees paid upfront for qualified clients who 1) have not had a prior chapter 13 dismissed within the past year, and 2) are not trying to stop a foreclosure within 20 days of filling bankruptcy.We are a debt relief agency.
We help people file for bankruptcy relief under the Bankruptcy Code.
The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute an attorney-client relationship.