What are the steps in the Bankruptcy Process?

Major steps in the bankruptcy process

What are the steps in the Bankruptcy Process?

Major steps in the bankruptcy process include:

1. Contact a trustee for consultation

2. File for bankruptcy if you wish to proceed

3. Attend an examination, if requested, at the office of the Official Receiver

4. Attend a meeting with creditors, if requested

5. Apply to the Court for a discharge. If the bankrupt is a first time bankrupt, then there is an automatic discharge nine months after filing, unless opposed

6. Obtain a discharge from bankruptcy and be debt free

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