Tag Archives: chapter 7

If I File for Bankruptcy, Will I Have to Go to Court?

In a typical Chapter 7 bankruptcy, you will not be required to appear before a judge in Bankruptcy Court. But you will be required to attend one Meeting of Creditors, also known as the Section 341 meeting. This is held in a federal building located at 501 E. Polk Street, Tampa, Florida. The meeting is presided over by a Bankruptcy Trustee who has been assigned, and is familiar with… Continue reading

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What is the difference between a Chapter 7 and 13?

Chapter 7 bankruptcy is known as a liquidation bankruptcy. To qualify, you must earn below a certain income amount. A Trustee is appointed to your case to administer your “estate”. According to the law, you are allowed to keep a certain amount of real property, personal property, and equity in your property, called “exemptions”. The Trustee will see if there is any property that is “non-exempt”, and if so… Continue reading

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