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Table of contents: Consult a bankruptcy attorney. Get your financial documents in order. Understand your debt and settle on a course of action. Complete the credit counseling course. Fill out bankruptcy forms. File bankruptcy forms in court. Mail documents to your court-appointed trustee. Attend the '341 Meeting' of creditors.
Bankruptcy is a legal proceeding initiated when a person or business is unable to repay outstanding debts or obligations.
Letters of explanation addressing these issues should include: An explanation of the negative event. The date it happened. The name of the creditor. Your account number. Your signature and date (if typed or hand-written)
A bankruptcy case normally begins when the debtor files a petition with the bankruptcy court. A petition may be filed by an individual, by spouses together, or by a corporation or other entity.
A mailing matrix, sometimes called a "mailing list" or "matrix," is a list of the names and mailing address of creditors and parties in interest in a bankruptcy case.
A bankruptcy letter should be clear and concise and provide all the necessary information. It should include the name and contact information of the debtor, the date of the filing, the court where the bankruptcy was filed, the case number, and the type of bankruptcy filed.