Usually around 45 days from the date that your petition is filed you will be required to attend a 341 meeting. This meeting is often called a meeting of the creditors, because all of your creditors will be put on notice of the date and time that this meeting is to take place. Should they so choose, they will be allowed to attend this meeting and ask you any questions that relate to your debts, income, and expected future income. They will not be allowed to harass you in any fashion whatsoever. During the 341 meeting the bankruptcy trustee will also ask you question which must be answered honestly and under oath.
One of the best things that happen to debtors when they file for bankruptcy is a court order that is issued upon submission of your bankruptcy petition. It is called an automatic stay order, and it tells all of your creditors to immediately cease all attempts to collect any and all debts. This includes any forfeiture of property such as a foreclosure proceeding, any wage garnishment, lawsuits, phone calls, and even letters. A creditor that fails to recognize this court order could be subject to sanctions by the court, lawsuit from you, and fines. Please contact your Clearwater bankruptcy attorney right away if any creditor is violating the automatic stay order.
Several months after your 341 meeting you will be required to attend a court hearing known as your discharge hearing. This is the conclusion of your bankruptcy and the judge will order all of your dischargeable debts legally uncollectable. Keeping in mind that not all debts are dischargeable in a bankruptcy, those that are will be ridden from your obligations.
For the most part all of your unsecured debts will be dischargeable in a Chapter 7. Debts that will still be owed include items such as student loans, alimony, child support, certain tax obligations, and judgments that are a result of a DUI. These are some of the most common types of debts that people have and is not meant to be complete by any means. Each and every case is very unique. It is very important to hire a Clearwater bankruptcy attorney that is experienced and qualified in filing Chapter 7 bankruptcies in Clearwater, Florida.