Chapter 7 bankruptcy

Chapter 7 bankruptcy is the most common chapter of bankruptcy filed in New Mexico.  It may be used by people or businesses to discharge certain debt while under the protection of the federal court.  The chapter 7 process takes about 105 days from start to finish.  First, contact me by phone or e-mail and I'll send you my checklist of items needed to file bankruptcy.  We'll enter into an attorney-client agreement (a contract) detailing what you and I will do.  I'll pull a credit report from Equifax, Experian, TransUnion, and LexisNexis.  We'll have at least two telephone conversations.  First, to build up the petition and second to review the petition.  Your chapter 7 petition is now ready to file.  About 30 days after filing we meet with a trustee of the bankruptcy court to review your petition.  About 75 days later, the bankruptcy court will dismiss your debts and close your case.  

Of course, this is a very simplified synopsis of the chapter 7 process.  Call me today and I'll tell you more!