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Bankruptcy petition preparers are not attorneys. Even the bankruptcy petition preparers who call themselves "paralegals" are not usually supervised by an attorney. They may not represent debtors in any bankruptcy proceeding and they may not give debtors any legal advice.
By the end of a successful Chapter 7 filing, the majority (or all) of your debts will be discharged, meaning you won't have to repay them. Some debts that won't be discharged in bankruptcy include alimony, child support, some types of unpaid taxes and most types of student loans.
Bankruptcy petition The document filed by the debtor (in a voluntary case) or by creditors (in an involuntary case) by which opens the bankruptcy case. (There are official forms for bankruptcy petitions.)
Effects of Bankruptcy 3.3Upon the making of the bankruptcy order, all the bankrupt's assets (including interest in real estate) are vested in the Trustee and will remain so after the bankrupt's discharge from bankruptcy.
The average bankruptcy packet ranges from 40 to 50 pages in length.
: a written application by a debtor for the benefit of the Bankruptcy Act or by creditors to have a debtor adjudicated a bankrupt.
Filing a petition under chapter 7 "automatically stays" (stops) most collection actions against the debtor or the debtor's property. 11 U.S.C. § 362. But filing the petition does not stay certain types of actions listed under 11 U.S.C. § 362(b), and the stay may be effective only for a short time in some situations.