Chapter 7 Bankruptcy
CHAPTER 7 BANKRUPTCY
Chapter 7
Bankruptcy is a powerful tool that will give you a "fresh start" financially. The filing of a bankruptcy petition will immediately stop all collection action such as foreclosure, repossession, lawsuits, garnishments, and collection calls.
The bankruptcy ends with the judge issuing an order that most or all of your debts are permanently discharged and are no collectable. With over 11 years of bankruptcy experience and a perfect success rate, we have the experience to make this process as painless as possible.
LegalQore can provide you with all of the necessary paperwork for you to obtain a discharge and move on with your life. We do not have hidden fees, and this is not a payment plan.
LegalQore does not have an attorney on staff. However, since most bankruptcy cases are pretty simple after the petition is properly prepared, most people can handle their case without one. For those with complex cases or those that feel that they need the guidance of an attorney, we have several attorneys that have agreed to offer discounts to people who we send to them that need their assistance. Please call to obtain free information.
What do you need to get started?
There are 3 documents that you need to provide when getting started:
1. 6 months of paystubs (husband and wife if married) or profit and loss statements if self-employed
2. Last 2 years of tax returns
3. List of all of your creditors (name, address, and approx. amount owed). A copy of all three Credit reports may help with this. You are entitled to one free credit report each year from each of the credit bureaus. If you have not gotten your free credit report in the last 12 months, you can get one by clicking here.
Receive a FREE, Private Consultation | 323-797-6595.
We are Non-Attorney Bankruptcy Petition Preparers authorized to help individuals file for bankruptcy pursuant to 11 U.S.C. 110. We are not attorneys.
FREQUENTLY ASKED QUESTIONS
Why should I choose LeagalQore over another bankruptcy and tax expert service?
While most paralegal services have fees much more competitive than their attorney counterparts, many have hidden fees for completing ALL of the paperwork, having more than a certain number of creditors, completing a petition quickly, or working on weekends. LegalQore doesn't charge any of these fees.
If you are choosing a paralegal service, they should have a significant amount of experience in the bankruptcy court that you are filing in. LegalQore takes cases in the Northern and Middle Districts of Georgia and California. Also, they should comply with all aspects of the law in their petition preparation. They should always sign the petition and list their address, phone number, and social security number. If they are not doing this they may not be permitted to work in your district, probably due to some type of injury they caused to a previous client.
What is the process for filing?
The process begins with a free, private consultation. Your bankruptcy expert will discuss your situation and the different chapters of bankruptcy. You will choose the appropriate chapter of bankruptcy for you, we only prepare Chapter 7 Bankruptcy petitions. After you decide on which chapter of Bankruptcy is right for you, we will prepare all the necessary documents for you to file your chapter 7 bankruptcy petition with the Court. If you chose not to file chapter 7, we will assist with locating a bankruptcy attorney to fit your needs. While we are working on your petition, you will complete an online credit counseling class required by the bankruptcy code. Once all of the necessary documents are complete, we will review the documents together to ensure they are correct. You will not pay for your documents until you have reviewed them and signed them.
You will then take your paperwork to the appropriate courthouse to file the paperwork. The clerk will review your paperwork and issue you a case number and a court date (also known as a meeting of the creditors). You must complete and file another credit counseling course and mail your last filed tax returns to the trustee. You will then attend your meeting of creditors with your driver’s license and social security card. If you are filing a Chapter 7, you then just wait for the discharge order in the mail.
The Chapter 13 is significantly more complex than a Chapter 7. It requires you make payments for 3-5 years and you will have to get your chapter 13 plan confirmed by the judge. There is more to a Chapter 13 than can be discussed here, so please call us with additional questions.
I have seen bad things on the internet about petition preparers, is this safe?
While we certainly don't claim that every client in every case should use a bankruptcy petition preparer, most people that use our service are quite happy with the service they receive.
As with anything else, when it comes to petition preparers, a "few bad apples" seem to "spoil the whole bunch." There are certain preparers that cause real harm to their clients, don't offer any follow-up, and are driven solely by money. We get a substantial amount of our business from referrals, and work very hard to maintain a great reputation. This means returning phone calls quickly, answering questions honestly, producing a superior product, and maintaining a relationship with my clients before, during, and after the bankruptcy case.
What about my credit?
This is probably one of the most common questions posed to both attorneys and paralegals alike. The truth is, nobody can tell you what your credit score is after the bankruptcy discharge. There are many different scoring models, and the specific algorithms are a closely held secret.
Often times people that file bankruptcy have numerous missed payments, judgments, charged off debts, repossessions, and/or foreclosures, causing their score to be quite low going into the case. These people will probably see an increase in their score. Alternatively, if you have never been late on anything and have a well-established credit profile with a high credit score, your score may drop significantly.
Regardless of what your post-bankruptcy credit score is, you can probably get credit right after a bankruptcy and could even finance a home with FHA in as little as 1 year after your bankruptcy discharge. People are quite surprised to see how many creditors want to offer them credit right after a bankruptcy.
LegalQore and staff members are NOT attorneys. We do not provide legal counsel, please see proper representation. We are a self help document preparer service.