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How a Chapter 7 Works

Below is an overview of a typical Chapter 7 bankruptcy case. The Chapter 7 Petition and Filing Requirements The Chapter 7 bankruptcy case starts when the debtor files a petition with the bankruptcy court. Additionally, the debtor must also file the documents below with the court: Schedules of assets and liabilities; A schedule of current…

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Bankruptcy Basics

Bankruptcy Basics – Legal Process Bankruptcy is a legal process available give people a fresh start by relieving burdensome debts. In a Chapter 7 bankruptcy, for example, the debtor’s property is liquidated and the proceeds paid to his or her creditors. In a Chapter 13, the debtor makes monthly plan payments. After completing the plan,…

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The Bankruptcy Discharge

The bankruptcy discharge varies depending on the type of case a debtor files: chapter 7, 11, 12, or 13. The Orange County bankruptcy attorneys at The Law Offices of Chen & Tran attempts to answer some basic questions about the discharge available to individual debtors under all four chapters including: What is a discharge in bankruptcy? A bankruptcy discharge…

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Chapter 7 and Chapter 13 Bankruptcy Differences

Most people who determine that they need to file bankruptcy, realize that there is more to it.  They find out that there are different types or Chapters of bankruptcy.  The most common forms of Bankruptcy is Chapter 7 and Chapter 13.  Here, we will list the differences between the two Chapters as well as how…

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Bankruptcy FAQ – Central District of CA

Bankruptcy Case, How Do I Obtain Information About A Case? Computer Access At the Clerk’s Office of each division, free computer use is available to view electronic dockets. On a computer, complete electronic docket information and images of all documents filed in a bankruptcy case or adversary proceeding may be retrieved via the CM/ECF PACER system (Public…

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Bankruptcy Glossary

Below The Law Offices of Chen & Tran provide a bankruptcy glossary of the most common terms used during a bankruptcy case. 341 Meeting: The meeting of creditors required by section 341 of the Bankruptcy Code, at which the debtor is questioned under oath by creditors, a trustee, examiner, or the U.S. trustee about his/her financial affairs….

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341 Meeting of Creditors – Riverside Bankruptcy

When your file a bankruptcy petition you will have to attend what is called a 341 hearing.  The 341 hearing/meeting refers to section 341 of the bankruptcy code.  341 Hearings in Riverside are held at the US Trustees Offices at the address below: 3801 University Ave., Riverside, CA 92501 You will be meeting with the…

201303.05
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Debt Options in Santa Ana – Orange County

Debt Option Differences in Santa Ana In today’s Santa Ana economy if you fall behind on your finances or barely living month to month, it is almost impossible to dig yourself out from under your hardships. This is where the Orange County bankruptcy attorneys at The Law Offices of Chen & Tran can help with…

201303.05
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Debt Options in Tustin – Orange County

How to get out of Debt? The big question in Tustin, CA is, “How do you get out of debt in this economy.”  Below are just a few options at your disposal besides the traditional borrowing from Peter to pay Paul. Three main debt options in Tustin Tustin credit counselors or financial advisers If you…

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Debt Options in Costa Mesa

Three main debt options in Costa Mesa There are three main debt options in Costa Mesa.  Credit Counseling, Debt Negotiation and Bankruptcy. Financial advisers and credit counseling as a debt option in Costa Mesa In Costa Mesa you will find a number of Credit Counseling firms and financial advisers that can help you with your…