Chapter 7 bankruptcy timeline part4

This is the last part of the chapter 7 bankruptcy timeline.

14. One month after you meet with your creditors
The creditors or the bankruptcy trustee have one month to object to your entire exemption request. If they don’t do it your claims are accepted.

15. Two months after the meeting.

First of all your credits have 60 days after the meeting day to object to any discharge of the debts listed. They can object to request to discharge a debt if the debt is a result of: fraud; embezzlement or larceny and any malicious injuries you have caused to others. Divorce and separation are included but child support or alimony are not .Also bankruptcy trustee can dismiss your case in this period.

16.The Discharge
After 60 days have passed since you meet the creditors and the objection period has passed (and if your case is not discharged from any reasons presented in this article) you will receive your discharge.
The trustee may se it aside if you do not turn over any non exempt property or if you commit any other violation of bankruptcy court.

17. Get an Instructional Course
The bankruptcy law states that you need to complete an instructional course regarding personal financial management. You must complete this course in order to finish the bankruptcy process.

18. 3 months after the creditors meeting
All proofs of claims that come from your creditors (except for government entities) must be filled in 90 days after the creditors meeting. The creditors will present the court how much your owe them (in case they can get a pay back from your assets liquidation) .Please note that Government entities (like IRS) have 180 days to do this.

All article parts :
Chapter 7 bankruptcy timeline
Chapter 7 bankruptcy timeline part 2
Chapter 7 bankruptcy timeline part 3
Chapter 7 bankruptcy timeline part 4