The Time Line For Chapter 7 Bankruptcy
If you are planning to file under chapter 7 bankruptcy it is very important for you to keep in mind the following timeline. The following timeline describes the rules at various stages before and during bankruptcy. One Year Prior To Filing Your Case Within the last one year, if you ever tried to deceive any of your creditors by destroying, hiding, or transferring your properties, you petition under chapter 7 may be denied. Instead, your creditors may get the right to recover their amount through those properties. Within this period, if you have make repayment to one of your creditors who is also a close business partner or your relative, the bankruptcy court will consider such payments as unlawful. ...
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