This document provides an overview of filing for Chapter 7 bankruptcy. It discusses the initial consultation process to determine if bankruptcy is necessary, important timing considerations, information that will be needed about assets, liabilities, and past/future events, the bankruptcy plan and petition that will be filed, the automatic stay and creditors meeting that will occur, and finally receiving the discharge that eliminates most debt. The overall goal is to help individuals understand the bankruptcy process and determine the best path forward to deal with debt issues.

1. Bankruptcy A Chapter 7 Primer Presented by the Nash Law Firm

14. The foregoing is not intended to constitute legal advice for any specific circumstance, but is intended to reflect broadly applicable principles, under Minnesota law, relevant to a typical situation. Before proceeding in reliance upon this or any other general description of law, consult with an attorney. Copyright 2010 Nash Law Firm 763.862.6100 www.nash-law.com