Easily Hide Dropdown Menu Fields from the Letter Bankruptcy Inquiry

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How to Hide Dropdown Menu Fields from the Letter Bankruptcy Inquiry

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[Music] hello again everyone Im attorney Robert fleisss thanks for watching this video in this video Im going to show you one of the forms that are required in order to file a chapter 7 bankruptcy case and how to generally complete this form there are approximately 18 forms that must be accurately completed before you file your case with a bankruptcy court the form Im gonna discuss today is the first one form 101 this is the form where you insert information about yourself its pretty simple the other forms start getting a little bit more complicated lets take a look at the form this is the first form of a bankruptcy petition its called formed 101 theyre taking basic information from you thats gonna identify certain things now this is a fillable form and you can download it online at the united states bankruptcy website theyre all in PDF format this particular form is seven parts on eight pages and its not that hard to complete this is set up for either filing as a individual

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What happens if you forget to include a creditor in Chapter 7?

Adding a Creditor After a Chapter 7 Filing If you do miss one, you will have to pay a fee to have your petition amended. If a creditor is not listed in your Chapter 7 and your filing is declared a no asset case, even omitted creditors are considered discharged in most jurisdictions.

How does a bankruptcy trustee find hidden assets?

The trustee might find hidden assets by any of the following: a review of your debts (such as lots of furniture store debt but very little furniture) public record searches. online asset searches.

What happens if you forgot to list a creditor in Chapter 7?

Your creditors need to know whether your debts to them can be repaid, at least in part. Failing to list assets in a Chapter 7 could spell trouble because: The trustee may have to reopen your case to sell the assets that you failed to disclose. The court could revoke your discharge if you have already received it.

Can you add creditors after filing Chapter 7?

If you file a Chapter 7 case and find out about it before the case is closed, you can have your attorney file an amendment to add the creditor and all will be well. If you filed a Chapter 13 case, and file the amendment before the plan is confirmed, you will similarly be all right.

What happens to unsecured creditors in Chapter 7?

A Chapter 7 bankruptcy will generally discharge your unsecured debts, such as credit card debt, medical bills and unsecured personal loans. The court will discharge these debts at the end of the process, generally about four to six months after you start.

What happens if you hide money from a bankruptcy?

Failing to disclose information about your assets to the bankruptcy court can result in: Losing the benefit of discharge. Youll owe exactly what you owe now on debt and your assets are still at risk of being confiscated by the bankruptcy trustee or creditors. Revocation of your bankruptcy discharge.

What percentage of Chapter 13 bankruptcies are denied?

Why do roughly 2 out of every 3 Chapter 13 cases fail? Well, to get a discharge of your debts, you need to complete a 3-5 year repayment plan. And most plans are 5 years long. Only at the end of the plan will the remainder of some debts be forgiven.

How do you hide assets from bankruptcy?

The following are several ways people attempt to hide assets in bankruptcy proceedings: Lying about owning assets. Transferring assets into another persons name or giving them to someone else to hold. Creating liens or mortgages to make the assets appear like they have no value.

Can you add a creditor after the 341 meeting?

Yes, you can add a creditor any time before your case is closed, even after the discharge is entered.

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