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Navigate Your Chapter 7 Bankruptcy with Confidence | Walden Legal Solutions

Understanding the Chapter 7 Bankruptcy Timeline

  1. Introduction:

    • Filing for Chapter 7 bankruptcy can be complex, but knowing what to expect can help you navigate it with confidence. Our Kansas City Bankruptcy Attorneys at Walden Legal Solutions are here to guide you.

  2. Before Filing a Bankruptcy Case:

    • 8 Years: Wait before refiling if previously discharged. (§727)
    • 6 Years: Eligibility conditions after Chapter 12 or 13. (§727)
    • 3 Years: Non-dischargeable unpaid taxes. (§523; §507)
    • 2 Years: Impact of late-filed tax returns or property transfers. (§727; §523; §548)
    • 1 Year: Effects of prior dismissals or fraudulent actions. (§362; §727; §547)
    • 180 Days: Waiting period after dismissal and credit counseling requirement. (§109; §521)
    • 90 Days: Scrutiny of payments over $600 or luxury credit. (§547; §523)
    • 70 Days: Non-dischargeable cash advances over $750. (§523)

  3. Filing Your Bankruptcy Case:

    • Petition Filed: Initiates your case. (§301; §302)
    • Automatic Stay: Halts most collection actions. (§362)
    • Trustee Assigned: Oversees your case.
    • Debtor Education Course: Schedule promptly.

  4. After Filing Bankruptcy:

    • 15 Days: Mailing of Notice and Meeting of Creditors.
    • 30 Days: File Statement of Intention. (§521)
    • 7 Days Before 341 Meeting: Submit tax returns. (§521)
    • 6 Weeks: Attend Meeting of Creditors. (§341)
    • 30 Days After 341 Meeting: Objections to exemption claims. (§521)
    • 60 Days After 341 Meeting: Complete education course. (§523; §727)

  5. Final Steps:

    • More than 60 Days After 341 Meeting: Discharge filing.
    • 90 Days After 341 Meeting: Non-government creditors’ claims.
    • 180 Days After Filing: Government claims and property protection. (§541)
    • Final Decree: Case closure coinciding with Discharge.

  6. Contact Our Kansas City Bankruptcy Attorneys:

    • The attorneys at Walden Legal Solutions are ready to assist you through every step of the Chapter 7 bankruptcy process. Contact us today for a free consultation to explore your options and secure your financial future.

Connect with us today for a stress-free legal experience!

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