Just what is the job of a an Aurora bankruptcy attorney? More specifically, what is the job of a Chapter 7 bankruptcy attorney? The job can be truly rewarding in that most clients are being granted a fresh start, a new lease on their financial life. I can think of no other area of law where such relief can be granted. In other areas of the law, there is often a compromise between litigants. In those situations, each party often feels as if they did not come out ahead. With bankruptcy and Chapter 7 in particular, the debtor leaves at the end of the case with a great feeling of relief and satisfaction.
Let’s examine the bankruptcy basics of Chapter 7. There is an initial meeting with an attorney of the debtors choosing. The next step is the preparation of the bankruptcy petition. This petition contains all of the debtor’s information with regard to income, expenses, assets and liabilities. The next step is the actual filing of the petition with the Clerk of the U.S. Bankruptcy Court. From there, the Clerk will send notice of a 341 meeting of creditors. Said notice will be mailed to each creditor, the debtor, and the debtor’s attorney. The notice will set forth the date, time and place of the meeting.
If your case is a Chicago bankruptcy case, then your meeting of creditors will be heard at 219 S. Dearborn Street, Chicago, IL. This is the main headquarters for the Northern District of Illinois. It is where the majority of Judges sits on a daily basis. It is also the building that houses the United States Trustee’s Office. That is the office that oversees the entire bankruptcy process, including cases filed under Chapter 7, Chapter 11 and Chapter 13 among some lesser known chapters of the bankruptcy code. They are also the office that heads up the panel trustees which administer assets in bankruptcy cases.
It is important to meet with the right bankruptcy attorney so that you lose the notion that you can file bankruptcy yourself. This is a huge mistake that often leads to bad results. The debtor can wind up losing an asset that he or she thought was protected. Further, the court can dismiss the case if certain items are not filed in a timely manner. One such item is the certificate of completion of a two hour financial management class. If this item is not filed, the case can close without a discharge and the debtor will be forced to refile. If this were to occur, the debtor would have to pay another filing fee and appear again before the panel trustee. It is always best to hire competent counsel rather than going it alone.