How to File for Bankruptcy in Washington, D.C.
Anyone who is interested in filing for bankruptcy in Washington, D.C. must follow the same steps that are required when filing for bankruptcy in any state. In fact, the process of filing for bankruptcy in Washington, D.C. follows federal rules and requirements. It is also beneficial to become familiar with the local guidelines that are in place in the district you are filing in. It is recommended that most people seek the guidance of a qualified bankruptcy attorney when considering bankruptcy as an option. All debtors should understand that the information that is submitted as part of the bankruptcy process must be accurate and current. A failure to comply with the rules of the court or make attempts to conceal the truth regarding assets could result in delays, fees and penalties.
It is important to determine which form of bankruptcy is applicable very early in the bankruptcy process. Most individuals end up filing for Chapter 7 bankruptcy. This popular option makes it possible to have debts discharged through the court. Another popular option is Chapter 13 bankruptcy. Chapter 13 bankruptcy makes it possible to set up a structured payment plan for paying back creditors over a specific time period through the court. There are also some other bankruptcy options on the table for people with specific circumstances. For instance, Chapter 12 bankruptcy is an option that is available to fishermen and farmers throughout the country. A person may also qualify to file for Chapter 11 bankruptcy if they have a large amount of debt or debt that is related to business expenses.
Getting Ready to File for Bankruptcy in Washington, D.C.
It is necessary to take and complete a credit counseling course during the six months leading up to filing for bankruptcy in Washington, D.C. This course needs to be taken through an approved provider in Washington, D.C. An official list of approved providers can be accessed here. In addition, it is necessary to complete a debtor education course once a bankruptcy case is up and running. An official list of approved providers for this course can be accessed here.
A person should also be prepared to complete a means test for the court when filing for bankruptcy. This test is used to determine a debtor's eligibility for different types of bankruptcy. Information regarding a debtor's income, assets and liabilities must be submitted as part of a means test. Another requirement that must be fulfilled during the bankruptcy process is attendance at a meeting of creditors. This meeting is arranged through the court. It provides creditors with the opportunity to prove that a debtor still holds nonexempt assets that can be turned over as part of the bankruptcy process. In addition, creditors in Chapter 13 cases may be able to object to aspects of a payment plan.
The bankruptcy process officially starts once a debtor files a formal bankruptcy petition with the court in Washington, D.C. This petition will instantly trigger an automatic stay. This means that creditors will no longer be able to contact a debtor for any reason or make attempts to collect debts.
Understanding the Bankruptcy Process in Washington, D.C.
The bankruptcy court in Washington, D.C. is located on Constitution Avenue. The fee to file for Chapter 7 bankruptcy in Washington, D.C. is $335. The fee to file for Chapter 13 bankruptcy in Washington, D.C. is $310. A list of all of the fees that can be anticipated when filing for bankruptcy of any type in Washington, D.C. can be viewed here. All of the forms that are needed when filing a bankruptcy petition in Washington, D.C. can be accessed here.