Filing Bankruptcy in Gaithersburg, Maryland

Collect Your Gaithersburg Bankruptcy Documents

When filing Chapter 7 bankruptcy in Gaithersburg, your first step must be to collect all the documents you’ll need during the Gaithersburg bankruptcy process. Note that some documents, such as your paycheck stubs, recent bank statements, and collection letters you’ve received from your creditors, will be useful when filling out your forms. You will also need a recent copy of your credit report. The bankruptcy forms you’ll submit to the Court comprise your petition, schedules, and statements. They report information regarding your creditors, your sources of income, and your property. Try to be as careful and organized as possible when you’re collecting the documents for your Gaithersburg bankruptcy case.

Take Credit Counseling

Before you can file for Gaithersburg bankruptcy, you will have to take a brief credit counseling course that is approved for Maryland bankruptcy filers. Completing the credit course usually only takes a few hours or less.  Also, the good news is that most providers in Maryland offer it online and by phone. You will find the list of approved credit counseling services on the U.S. Trustee website for Maryland helpful when you are filing bankruptcy in Gaithersburg. One of the important documents that you’ll have to file along with your Gaithersburg bankruptcy petition, statements and schedules is the completion certificate that you will get at the end of this course. DebtorCC is an approved creditor counselor in the city.

Complete the Bankruptcy Forms

As filing bankruptcy in Gaithersburg involves filling many forms, this is a time-consuming step.

It is important that you carefully read and review all Gaithersburg bankruptcy forms to ensure you do not accidentally miss anything. It’s crucial to be diligent in completing your bankruptcy forms, as you’re signing all documents under penalty of perjury. To simplify matters, the federal judiciary has also released an in-depth instruction manual for the bankruptcy forms that you have to complete when filing a Chapter 7 bankruptcy in Gaithersburg. In these forms, you will have to disclose the key details of your financial situation, such as your expenses, income, property, property transactions, and debt. Steer clear of common mistakes that a lot of people make when filing bankruptcy in Gaithersburg, such as not listing all creditors.

Get Your Filing Fee

You may wonder why someone who has to file a Chapter 7 bankruptcy in Gaithersburg needs to pay a Court filing fee to do so. After all, you’re seeking the protection of the Bankruptcy Court because you do not have enough money in the first place. However, the fee for filing bankruptcy in Gaithersburg is $338, and you have to pay it if you’re not eligible for a fee waiver. If you do not have the money to pay your filing fee now, you have the option to complete a special form, which allows you to pay your filing fee in installments. You can also complete the necessary paperwork in order to obtain a fee waiver. 

Print Your Bankruptcy Forms

The last step before you file your Chapter 7 bankruptcy in Gaithersburg is to print all your Gaithersburg bankruptcy forms that you have to file with the Bankruptcy Court. You would like things to go as smoothly as possible when you’re at the courthouse; hence, it makes a lot of sense to be thorough and methodical and take all the time you need to put together your packet, paying due attention to the Court’s filing requirements. Note that only bankruptcy lawyers filing bankruptcy cases on behalf of their clients can file the case electronically. If you are filing bankruptcy in Gaithersburg without a lawyer, you have to submit the documents to the Court in paper. Print all documents on standard-sized paper in black and white.

Go to Court to File Your Forms

It is now time to bring your Gaithersburg bankruptcy forms and your Course 1 certificate to the Bankruptcy Court to file them. As filing bankruptcy in Gaithersburg is stressful enough, before going to the Court make sure that you know in advance where to go, when the clerk's office in the city is open to the public and where to park. You can go to the Edward A. Garmatz Federal Building and United States Courthouse if you are filing Chapter 7 bankruptcy in Gaithersburg. Make sure you bring a valid picture ID with you when you visit the courthouse.  

Mail Documents to Your Trustee

After you’re done filing bankruptcy in Gaithersburg, a bankruptcy Trustee will be appointed by the Court to handle your case. Your bankruptcy Trustee will be your main point of contact during your Gaithersburg bankruptcy, particularly if you’re filing bankruptcy without an attorney. Pay attention to the mail that you get from your Trustee after filing bankruptcy in Gaithersburg. Your Trustee will review your bankruptcy petition and documents submitted to determine if you are eligible for relief under the Chapter you have filed. Also, the local rules require that you mail all of the paycheck stubs that you’ve received in the sixty days before filing your bankruptcy case to the Trustee, rather than filing them with the Bankruptcy Court, so remember to do that after filing bankruptcy in Gaithersburg.

Take Bankruptcy Course 2

This is the second course that you will have to take when filing bankruptcy in Gaithersburg. This debtor education course is designed to teach you how to budget and prudently use your money after filing bankruptcy. Anyone who wants to get a discharge of their debts must take this course. You can take the course from any of the approved debtor education providers on the U.S. Trustee’s website. You can complete the Course 2 online or by phone, and it takes at least two hours to complete. The fee for this debtor education course ranges from $10 to $50.

Attend Your 341 Meeting

Approximately 40 days after filing bankruptcy in Gaithersburg you will have to attend a 341 meeting of creditors. During the meeting of creditors, your Trustee will ask some questions regarding your Utah bankruptcy petition and your creditors may ask questions if they want. You will receive notice of the date, time, and location of your 341 meeting usually by mail within one week of the filing of your bankruptcy case. If all your papers were done correctly, then you should have no problem answering the questions raised at this meeting. Bring your picture ID and original social security card to make sure everything goes smoothly. Most meetings last just about five minutes. 

Dealing with Your Car

How to deal with their vehicle when filing a Chapter 7 bankruptcy in Gaithersburg is one of the most crucial questions people usually have. A car is an important asset for a lot of people in Maryland. If your car is paid for, then it’s yours to keep provided you can claim an exemption for its full value on the Schedule C. If you’ve a car loan when filing bankruptcy in Gaithersburg, and a review of your budget indicates that you will not be able to afford the car, then you should surrender the vehicle. In this case, the remaining balance on the loan will be discharged.