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Bankruptcy Timing

Posted in Bankruptcy

Bankruptcy Timeline Posted on August 21, 2013 by Jonathan Mitchell  Thanks to Attorney Jonathan T. Mitchell. Caution: This timeline does not include all bankruptcy events. It is a summary description of bankruptcy and may not be accurate under all circumstances. You should consult a qualified attorney to see how the law will apply to your situation. Who or what is a debtor? The debtor is the person or other entity that has filed the bankruptcy, and owes money to the creditors [11 USC §101(13)]. Bankruptcy Filed Commencement of Case A voluntary bankruptcy is commenced by the filing of a petition with the Bankruptcy Court requesting protection from creditors under Chapter 7 or Chapter 13. A husband and wife may file one petition together and commence a joint case [11 USC §301, 11 USC §302, 11 USC §101(42), Rule 1002 FRBP]. Filing fee...

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