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The bankruptcy court must approve the Chapter 13 repayment plan after reviewing its feasibility and fairness to creditors.

Select between Chapter 7, 11, 12, or 13 bankruptcy based on eligibility, goals, and type of debts.

Once all procedures are completed and the judge issues a final decree, the bankruptcy case is officially closed.

Creditors or the trustee have the opportunity to object to your bankruptcy discharge.

Compile a comprehensive list of assets, debts, income, and expenses to provide an accurate financial picture to the court.

After completing the payment plan or liquidating assets, remaining dischargeable debts are eliminated.

Complete the necessary forms which detail your financial status, including the bankruptcy petition, schedules, and statement of financial affairs.

Develop a plan to repay debts over a 3 to 5-year period, to be approved by the court.

Research which chapter of bankruptcy you qualify for based on your financial situation and which debts can be discharged.

Businesses must consider additional factors like public disclosure, business operations during bankruptcy, and the business's future after reorganization or liquidation.

Complete a credit counseling course from an approved agency within 180 days before filing.

Submit your completed forms to the bankruptcy court to initiate the bankruptcy process.

Participate in a meeting where creditors can question you about your financial status and the documents you've filed.

The court enters a final decree, formally concluding the bankruptcy process and finalizing the discharge of eligible debts.

The court appoints a trustee to oversee your case, manage the sale of assets (if applicable), and distribute proceeds to creditors.

After filing, but before discharge, complete a financial management course from an approved agency.

The trustee may sell any non-exempt property to pay back creditors as part of the bankruptcy process.

Adopt sound financial practices to rebuild credit and avoid future financial distress.

Immediately upon filing, an automatic stay is enforced, stopping most collection activities against you.