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FormsSouthern District of IllinoisUnited States Bankruptcy

FormsSouthern District of IllinoisUnited States Bankruptcy

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the following bltv program is brought to you by o'flaherty law please enjoy [Music] welcome to learn about law my name is kevin o'flaherty from o'flaherty law i hope you enjoyed this video if you need some help please feel free to give us a call at part one 630-324-6666-3246 in this part i'm going to talk about the different parts of the bankruptcy process so first we have the trustee whose job in chapter 7 bankruptcy is verifying the specifics of the petition and selling your assets in chapter 13 the trustee plays a central role in the approval of your plan and takes your monthly payments so what is the automatic stay in bankruptcy well it's triggered when your bankruptcy is filed it stops creditors and collection agencies from harassing you for money this includes mortgage lenders then there's the meeting of the creditors the 341 meeting so here the trustee can verify the correctness of your petition determine any assets available for l

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