Course Outline
BEFORE WE DIVE IN
1-1 a few things to know before we get started
THE BASICS OF CHAPTER 7 BANKRUPTCY
2-1 WHAT IS CHAPTER 7 BANKRUPTCY, AND WHAT CAN IT DO FOR YOU?
2-2 TYPES OF BANKRUPTCY: IS CHAPTER 7 RIGHT FOR YOU?
2-3 ALTERNATIVES TO BANKRUPTCY
2-4 THE BANKRUPTCY PROCESS In a nutshell
2-4.1 MANDATORY CREDIT COUNSELING
2-4.2 DETERMINE WHERE TO FILE
2-4.3 FILL OUT and FILE PAPERWORK
2-4.4 RECEIVE NOTICE
2-4.5 THE AUTOMATIC STAY
2-4.6 THE TRUSTEE
2-4.7 341 HEARING
2-4.8 CREDITOR OBJECTION PERIOD
2-4.9 FINANCIAL MANAGEMENT COURSE
2-4.10 TRANSFER PROPERTY TO THE TRUSTEE
2-4.11 receive A DISCHARGE
ARE YOU ELIGIBLE?
3-1 are you eligible: AN INTRODUCTION
3-2 A WORD FOR VETERANS, RESERVISTS & BUSINESS OWNERS
3-3 THE MEDIAN TEST
3-4 THE MEANS TEST CALCULATION
THE AUTOMATIC STAY
4-1 The automatic stay: another way to say ‘relief’
YOUR PROPERTY: WHAT CAN YOU KEEP?
5-1 YOUR BANKRUPTCY ESTATE: WHAT’S INCLUDED, WHAT’S NOT
5-2 YOUR PROPERTY WORKSHEETS
5-3 EXEMPTIONS: the key to keeping your property (AN INTRODUCTION)
5-4 How exemptons work
5-5 finding your exemptions
5-6 using exemptions to your advantage
5-7 special circumstance: You’re named on someone else’s bank account
5-8 Special circumstance: Your property is held in a Trust
5-9 prebankruptcy planning to maximize exemptions
YOUR HOUSE
6-1 equity and the homestead exemption
6-2 The catch: If you’ve bought your home recently
6-3 tenancy by the entirety states
6-4 foreclosure: an introduction
6-5 Loans vs. liens
6-6 how does foreclosure work? (and how to benefit from the process)
6-7 FORECLOSURE DEFENSES
6-8 will bankruptcy halt a foreclosure?
6-9 should you file for bankruptcy before or after foreclosure?
6-10 foreclosure Avoidance
6-11 foreclosure alternatives
6-12 the right of redemption
YOUR DEBTS
7-1 Your Debts: AN INTRODUCTION
7-2 Understanding secured debts… it’s all about the liens
7-3 what happens to secured debts in bankruptcy?
7-4 working around liens
7-5 non-purchase money security interest liens
7-6 judgment liens
7-7 other options for dealing with secured debt
7-8 debts that don’t go away in bankruptcy
BANKRUPTCY AND MARRIED COUPLES
8-1 An introduction
8-2 community property states
8-3 common law states
8-4 divorce and bankruptcy
GETTING DOWN TO BUSINESS: PREPARING & FILING YOUR BANKRUPTCY PETITION
9-1 AN Introduction
9-2 if you need relief immediately!
9-3 where will you file For bankruptcy?
9-4 get ready… get set… get everything in order
9-5 tips for success
9-6 completing the required bankruptcy formS
9-6.1 form 101: Voluntary petition for individuals filing for bankruptcy
9-6.2 form 101A | Form 101B: Initial statement about an eviction judgment against you | statement about payment of an eviction judgment against you (required only if your landlord has obtained an eviction judgment)
9-6.3 Form 103A: applicaton for individuals to pay the filing fee in installments (required only if you wish to pay your application fee in installments)
9-6.4 Form 103B: Application to have the chApter 7 filing fee waived (required only if you wish to have the application fee waived)
9-6.5 Form 106 Declaration: declaration about an individual debtor’s schedules
9-6.6 form 106 Summary: a summary of your assets and liabilities
9-6.7 form 106a/b: Property
9-6.8 form 106c: The property you claim as exempt
9-6.9 form 106D: Creditors who hold claims secured by property
9-6.10 form 106e/f: Creditors who have unsecured claims
9-6.11 form 106G: Executory Contracts and Unexpired Leases
9-6.12 form 106H: Your Co-debtors
9-6.13 form 106I: Your Income
9-6.14 form 106J: Your Expenses
9-6.15 form 106J-2: Expenses for separate household of debtor 2 (required only if a married couple is filing jointly for bankruptcy but maintains separate households)
9-6.16 form 107: Statement of Financial Affairs
9-6.17 form 108: Statement of intention (required only if creditors have claims secured by your property or you have leased personal property and the lease has not expired)
9-6.18 form 121: Your statement about your social security numbers
9-6.19 form 122a-1: Chapter 7 statement of your current monthly income
9-6.20 form 122A-1 Supp: Statement of exemption from presumption of abuse under § 707(b)(2)
9-6.21 form 122A-2: Chapter 7 means test calculation
9-6.22 form 2010: Notice required byt 11 U.S.C. § 342(b)
9-6.23 Creditor mailing list
9-7 Other forms required by your local bankruptcy court
9-8 additional documents that might be needed
9-9 How do YOU file YOUR forms?
YOU FILED... NOW WHAT?
10-1 what happens after filing?
THE 341 HEARING
11-1 a look at the 341 hearing
MANAGING YOUR CASE
12-1 you found a mistake: amending your petition
12-2 you want out: dismissing your case
12-3 you want back in: reopening your case
12-4 when you might need to hire an attorney
THINGS THAT COULD COMPLICATE YOUR BANKRUPTCY PROCEEDING
13-1 you fail the means test
13-2 a creditor petitions to have the automatic stay lifted
13-3 an exemption is disputed
THE BANKRUPTCY DISCHARGE
14-1 understanding your bankruptcy ORDER OF discharge
LIFE AFTER BANKRUPTCY
15-1 the basics
15-2 things that could still affect your case
15-3 getting back on track
CONCLUCSION
16-1 a final word
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Course Outline
Course Materials
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