Almost never. You do need to attend a 5-to-10-minute meeting, accompanied by your attorney, which is usually straightforward.
Don’t let what you’ve heard about “losing” your tax refunds be a factor in deciding whether to file a Chapter 13 “adjustment of debts.”
“Credit counseling” is necessary before you can file a bankruptcy case. But it is only good for 180 days. Be sure to file before it expires.
The “automatic stay” stops creditors from chasing you. A recently dismissed bankruptcy case or two can threaten this crucial benefit.
If you filed two bankruptcy cases in the last year that got dismissed, you need to ask the court to now get the protection of the “stay.”
Either be prepared to justify why you should be allowed to file a second bankruptcy case within a year, or maybe instead wait out the year.
If a lawsuit against your small business is driving you to close the business, filing bankruptcy will likely get rid of that lawsuit forever.
Before getting into something, you should know how to get out. Like what it takes to successfully finish a Chapter 7 bankruptcy case.
You almost never attend the “confirmation hearing,” it may take only a few minutes, but it’s crucial because there your plan gets airborne.
The “meeting of creditors” is for finding any kinks in your payment plan, and hopefully straightening them out.
Reach the main goal of most bankruptcies–the “discharge” (write-off) of all or most of your debts–by being honest throughout your case.
If you are married and are in a Chapter 13 case with your spouse, what are the options for one or both of us changing or leaving the case?
There are special considerations if you filed bankruptcy before your divorce and now need to think about filing another one.
What do you need to worry about and what you do NOT need to worry about “bankruptcy crimes”?
How to avoid getting tripped up in a trap set by Congress supposedly to prevent bankruptcy abuse.