- Instructor: Attorney Bob Schaller
- Lectures: 8
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