top of page

Expectations

 

Time required for client to know if bankruptcy is a good option = 2 Hours

Minimum work time commitment for client to file and get discharge = 6 Hours

Potential debt forgiveness = All of it

Bankruptcy Process

1

Phase 1

1. Book a consultation with Fresh Start Law Firm

2. Fill out bankruptcy questionnaire and review required notices

3. Meet with the attorney via google meet, find out your options, and decide if bankruptcy is the right path for you

2

Phase 2

4. Retain Fresh Start Law Firm to represent you in your bankruptcy

5. Send the firm all required documents

6. Completely fill out financial data form

7. Takes the first credit counseling course

8. Pay firm to prepare your bankruptcy petition

3

Phase 3

9. Sign your bankruptcy petition

10. Zoom 341 meeting with the bankruptcy trustee and your attorney

11. Case is filed

12. Take second credit counseling course

13. After a successful case, sign your bankruptcy discharge and be debt free

Assets Fully or Partially Exempt

 

Under Louisiana Bankruptcy Law​ 

  1. Home - Homestead Exemption - 35K of equity

  2. Car - Motor Vehicle Exemption - 7.5K of equity

  3. Insurance Proceeds - 100%

  4. Household Goods and Furnishings - 100%

  5. Clothing - 100%

  6. Engagement Rings - 5K per ring

  7. Firearms - 5K

  8. Household Pets - 100%

  9. Pension, Retirement & Life Insurance Benefits - 100%

  10. Tools of the Trade - 100%

Chapter 7 - Liquidation​ 

Duration: 3 Months​

Payment: Attorneys fees required by law upfront

Best: For clients with limited or exempt secured assets

Chapter 13 - Reorganization​ 

Duration: Minimum 3 years - Maximum 5 years

Payment: Attorneys fees allowed to be paid over the 3-5 years

Best: For clients who want to protect their non exempt secured assets

Documents Required to File

Tax Returns - Past 2 Years

Bank Statements - Last 4 Months

Paystubs - last 7 months / business profit & loss

Copy of any Lawsuits, Domestic Support Orders, or Garnishments

Photo of ID & Social Security Card

Car Registration, Auto Insurance, Home Insurance

bottom of page