Bankruptcy Timeline

Debt can be discharged more quickly than you think. At Ledford, Wu & Borges, LLC, our Chicago attorneys have more than 100 years of experience helping people through the bankruptcy process. From stopping creditor calls and eliminating your debt to rebuilding your credit after filing, we are here for you.

Legal Assistance Prior To Filing

The process begins once you have hired an attorney. At Ledford, Wu & Borges, LLC, we stay by your side throughout the entire process. We start by obtaining all the necessary financial documents from you and setting up the court-required consumer credit counseling course. This class can be done from home or in our office, either online or over the phone. While you are completing the class, we are gathering information, drafting your documents and preparing you to file. We will then review all of your documents with you, answer any questions you have and file your case with the court.

We offer same-day, no-money down filing for qualified individuals.

Immediate Protection Once Bankruptcy Is Filed

In most cases, an automatic stay is immediately imposed once you file for bankruptcy. This stay stops most court proceedings, prevents collection activities and temporarily, or permanently in some cases, halts foreclosures. Within 30 to 60 days of filing for Chapter 7 or Chapter 13, debtors are required to meet with their trustee, the court-appointed officer who oversees the process. This meeting consists of:

  • Chapter 7 trustee meeting: The trustee reviews all schedules to make sure disclosures are proper and no fraud is involved, and determines if there are any assets to be liquidated to pay creditors.
  • Chapter 13 trustee meeting: The trustee reviews all schedules as well as your payment plan. Based on the result of the meeting, he or she will make a recommendation to the court as to whether the plan should be confirmed.

Our attorneys also prepare you for participation in a second class, a prerequisite to bankruptcy discharge. This personal financial management class can be done from home or in our office, online or over the phone.

After the second class is completed, Chapter 7 filers wait for their discharge to be granted. This usually occurs about three months after the Meeting of Creditors is conducted. Chapter 13 filers receive a court date for a confirmation hearing, which we attend for them. Our lawyers work diligently to eliminate any issues, make plan modifications and get the plan confirmed (approved).

Completing The Process

At the end of each case a discharge is granted, making debt relief permanent. A Chapter 13 case can take three to five years to reach the discharge date. We remain by your side years after your debt has been eliminated to help you rebuild credit and answer any questions you have.

Contact our bankruptcy attorneys by e-mail or call 312-574-3327 for a free consultation. We have seven office locations and convenient hours to better serve you throughout Illinois.

Ledford, Wu & Borges, LLC has offices in Downtown Chicago, the South Side of Chicago, Homewood, North Riverside/Berwyn, the Northwest Side and the Southeast Side.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.