Bankruptcy

Upon filing a bankruptcy case, an order for the automatic stay goes into effect. This order does many things, but of particular importance to someone who is filing for bankruptcy relief, this order does the following:

Prohibits creditors from contacting the debtor by telephone, mail or otherwise to demand repayment; taking any actions to collect money or obtain property from the debtor; repossessing the debtor’s property; starting or continuing lawsuits or foreclosures; and garnishing or deducting from the debtor’s wages.

Chapter 7 This is straight bankruptcy – it generally will discharge all unsecured debts such as credit cards, medical bills, collections, signature loans, etc. With respect to secured debts (house loan & car loans), if you want to keep the property, you usually can, however, you will have to continue to pay that creditor. If you do not want to keep the property, you can surrender (give it back) to the creditor and you will owe the creditor nothing further for that debt.

Most people file chapter 7 – about 94%.

What you need to bring with you on your first appointment:

Income for 2008 (can get it off of your taxes)

Income for 2009 (can get it off of your taxes)

Income so far for 2010 (recent paycheck stub)

Copy of your 2009 federal and state tax return (if completed) or a copy of your 2008 tax return if 2009 is not yet completed.

Bank statement for previous month for all open bank accounts (checking, savings, etc.)

All paycheck stubs received from any employer within 60 days of the date of the filing of the case

Documentation for any lawsuits, garnishments, or judgements.

Bills from all creditors (including house loans & car loans), collection agents, collection attorneys. If you do not have a bill, you will need:

Name and address of each creditor

Approximate amount owed to creditor

Account number if available

1470 25th Ave. ~ Columbus, NE 68601
william_neiman@hotmail.com
Fax: (402) 564-8985
Ph: (402) 564-6290
Toll Free 1-866-664-6290