Yeah....

[tadbitconfused]

Heard from the lawyer today... We qualified for chapter 7.. Now step 2 getting through the 341. I don't know the timeline.. but it felt like a ton of bricks was lifted off my shoulder knowing we are going chapter 7

[Boscoe]

TBC - Good first step. Here is the timeline:

You decide to file, fill out the paperwork and your attorney will electronically file you petition (call this Day 1).

You have your meeting of creditors, commonly referred to as the 341 meeting (that is the section of the bk code, 341, which calls for this meeting). This must occur between 20 and 40 days after you file. If you are filing jointly with your spouse, both of you must appear. It usually takes 5-10 minutes tops, and you attorney will be present as well. Should go smoothly, although some bk trustees are easier than others (between Day 20-40).

The next step is the deadline for any creditors to object, which is usually about 60 days from the date of the 341 meeting (approx. Day 90). If no creditor objects, which is usually the case, then you will likely receive a Discharge of all debts shortly after this deadline. This means that for all your debts you listed on your petition when you filed, the creditor can NEVER EVER try to collect on them. You no longer owe them.

Assuming you are a no-asset case (this means you have no non-exempt assets than cannot be exempted), then your case should close when you are discharged. And you are done. In less than 4 months.