- Instructor: Attorney Bob Schaller
- Lectures: 8
Categories: 341 Meeting of Creditors, alternatives to bankruptcy, Automatic Stay, Bankruptcy Code, Bankruptcy Practice, Bankruptcy Rules, Chapter 11, Chapter 13, Constitution, Discharge, Eligibility, Expenses, Income, Injunction, Means Test, Meeting of Creditors, Regulations, Section 341 Meeting of Creditors, Statutes, Stay, Timeline, Trustee, U.S. Trustee, Unexpired Leases
Understanding the Bankruptcy Process
Studying these courses should help any attorney feel more competent to file his/her first Chapter 7 bankruptcy case. Attorneys who embrace these courses will be able to better understand the Chapter 7 legal requirements, anticipate bankruptcy issues, and carefully prepare the required petition, schedules, and statements. Attorneys will also be able to help their financial troubled clients by:
- Offering a timeline to manage client expectations.
- Explaining the bankruptcy process to the client.
- Advising whether a client is eligible for Chapter 7 relief.
- Providing a client with a realistic outcome forecast.
- Advising a client whether Chapter 7 relief is the best chapter to seek relief.
- Identifying which assets are “exempt” from liquidation and which assets may be sold by the Chapter 7 standing trustee.
- Specifying which debts can be discharged and which debts survive the bankruptcy.
- Advising a client whether the client’s home can be retained after filing bankruptcy.
- Advising a client whether the client’s vehicle or other personal property can be retained after filing bankruptcy.
Constitution, Statute, Rules & Code
Six Types of Bankruptcy Cases
Timeline for a Chapter 7 Case
Alternatives to a Chapter 7 Case
Eligibility for a Chapter 7 Case
Section 341 Meeting of Creditors
The Automatic Stay
The Chapter 7 Discharge
Carver35Understanding the bankruptcy process is a must-have course. Lawyers better appreciate the ins and outs of bankruptcy. This course provides a timeline to manage client expectations. Other issues include eligibility to file bankruptcy and dischargeability. Too many other issues to list.