Starting Chapter 7 Bankruptcy: A Step-by-Step Guide

If you need to file chapter 7 bankruptcy, there are several steps that you will need to complete. Here are the basics of how to start a chapter 7 bankruptcy.

1 - Contact an Attorney

Although it is not required, in most cases it will be a good idea to get in touch with an attorney. There are many attorneys that specialize in bankruptcy proceedings and they will be able to navigate you through the process quickly and easily. Contact an attorney and let them know that you want to file for chapter 7 bankruptcy.

2 - Fill Out Paperwork

You will have to also get with your local court system and fill out the necessary paperwork to get started. This will involve filling out a petition as well as several other forms that provide them with information about your financial situation and why you need to file bankruptcy. Your attorney will be able to help you get through this part of the process.

3 - Credit Counseling

At this point, you will be required to go through a certified credit counseling program. A credit counseling agency will sit down with you and go over the options that you have besides bankruptcy. You will have to prove that you attended counseling before you be granted bankruptcy protection.