When you meet with an attorney and/or a credit counselor, you will likely receive a bankruptcy information sheet. However, you may wonder why you are receiving it and what it really means.
First, the bankruptcy information sheet is a document that was produced by the Department of Justice, Office of the United States Trustee. The document was created because 11 U.S.C. §342(b)(1) provides that the clerk shall give an individual a written notice containing a brief description of the different chapters of bankruptcy. Finally, during the meeting of creditors, one of the questions that the Trustee will ask you is if you had an opportunity to read review and understand the bankruptcy information sheet.
Besides being required by the Bankruptcy Code, it is extremely important for you to be knowledgeable about the process and understand the different types of bankruptcy filings. If you don’t understand, then you should ask questions to the attorney. Bankruptcy should not be taken lightly because it is intended to assist you in getting control of your finances and obtain a fresh start.
Here is the link to a copy of the bankruptcy information sheet. Bankruptcy Information Sheet
If my office can assist you in any way, then do not hesitate to contact me.
The phone number is 702-386-8600.