The Bankruptcy Process

Understanding the Process of Bankruptcy

By calling us at The Rollins Law Firm and getting the ball rolling, we can help you get a fresh start in your financial life and help ease the burden this debt has placed on you and your family. Our attorneys will sit down with you at your initial consultation and discuss what your goals are going forward. After discussing your goals and desired outcome, we can determine whether you should file for a Chapter 7 or a Chapter 13 bankruptcy in order to meet this goal. You will need to gather all of your financial documents so we have an overall view and clear understanding of your current status.

You are required to go through credit counseling as part of any bankruptcy filing. Our attorney will discuss this with you and provide you with all the necessary requirements to complete the credit counseling. We will file your petition for bankruptcy, which puts an automatic stay on your creditors, preventing them from harassing you any further. The harassing creditors will then contact our firm directly regarding the debt and you will have peace of mind knowing that this situation is being handled professionally.

You will then attend a meeting of creditors, where your bankruptcy trustee will go over your paperwork with you to confirm that everything is in order and that you are on the right track to eliminate this debt.

Our Brookhaven bankruptcy attorney will help you understand the fine details of this process when you contact us at 601-500-5533.

Ocean Springs Mississippi Bankruptcy Lawyer for Navigating the Bankruptcy Process

After you have had your meeting with the bankruptcy trustee, what happens next will differ depending on which kind of bankruptcy you have filed for.

Chapter 7

Once you have completed the filing process, your creditors will leave you alone and you simply wait about four months for your debt to be eliminated. If you have pledged property as collateral, we will do our best to help you keep that property. We will let you know before filing your bankruptcy if you will be at risk of losing property and if there are ways for you to keep your belongings.

You will be required to complete a second credit counseling course during this waiting period. A Chapter 7 bankruptcy takes anywhere from three to six months. At the end of that period, your debt is discharged and you can begin the process of rebuilding your life.

Chapter 13

As part of your filing for bankruptcy, we will create a repayment plan that incorporates all of your current debt. You will make this payment monthly for the next three to five years and it will be disbursed by a trustee to your creditors. At the end of the payment plan, your remaining debt will be discharged and you can move forward with your life.

We will take care of all of the details for you. Your main duties will be making your monthly bankruptcy payment, attending the meeting of creditors and completing to your credit counseling course. Once you are through the bankruptcy process, we can discuss life after bankruptcy here in Mississippi.

Call us at 601-500-5533 or contact us online to schedule your free initial consultation today.

Client Reviews
★★★★★
I had a wonderful experience. The staff were nice and very informative. The process was quick and easy. Very affordable for me being a single parent. Would recommend anyone there. - Lashay H.
★★★★★
The Rollins firm assisted me at a very low point in my life. After having a lot of medical issues and expenses, I found myself unable to make ends meet. Mr. Rollings and his staff worked very promptly to help. They made the process so easy to complete. - Vinester Smith.
★★★★★
Fast response and professional advice. Really great to work with and understand what a difficult time in one’s life this is. Will recommend to anyone - Bryan Aust.
★★★★★
My wife and I were in an impossible financial situation where over time, we had built up so much debt that we could no longer keep up with all the payments. We were getting further and further behind until we reached out to the Rollins Law Firm for help. They have the knowledge and expertise through their experience to handle our particular situation. Their entire team of professionals are always available to answer questions, explain your options, and then provide the legal service that you need to relieve your financial worries and get you back on the right track! I recommend the Rollins Law Firm to anyone who needs help to deal with financial struggles. - Mike Zegelien.