BANKRUPTCY

STEP-BY-STEP VIDEO MANUAL An outline of the instructional videos is listed below. Click on any section to view a short instructional video. All documents described in the training videos can be found in the templates/pleadings section below. Intro to Bankruptcy Eligibility Requirements for a Chapter 7 Bankruptcy Is a Chapter 7 Bankruptcy in the Best …

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Bankruptcy Part 3 – From Filing to Discharge

CVLS invites you to join our new Chapter 7 Bankruptcy Program! Bankruptcy is a powerful tool that can provide a family with a much-needed fresh start. However, few people know how or when to file for bankruptcy. CVLS volunteers will advise potential clients of whether bankruptcy is appropriate and, if it is, assist them in filing for and securing their bankruptcy. A typical CVLS bankruptcy case will involve filling out and reviewing the petition and schedules, using special software on CVLS computers, attending a creditors’ meeting, and reviewing and negotiating any reaffirmation agreements.

Bankruptcy Part 2 – Preparing the Bankruptcy Filing

CVLS invites you to join our new Chapter 7 Bankruptcy Program! Bankruptcy is a powerful tool that can provide a family with a much-needed fresh start. However, few people know how or when to file for bankruptcy. CVLS volunteers will advise potential clients of whether bankruptcy is appropriate and, if it is, assist them in filing for and securing their bankruptcy. A typical CVLS bankruptcy case will involve filling out and reviewing the petition and schedules, using special software on CVLS computers, attending a creditors’ meeting, and reviewing and negotiating any reaffirmation agreements.

Bankruptcy Part 1 – Analyzing the Case and Advising Your Client

To kick off the new program, CVLS is hosting three CLE-qualified trainings with Attorneys Salvador Lopez and David Yen. Both Sal and David have years of experience in bankruptcy and working with lower-income clients. The first training, “Analyzing the Case and Advising your Client”, covers how to assess a potential client’s financial position to determine whether bankruptcy is the best option for them. Sal and David go over the basics of protected income, Illinois exemptions, and property. They also discuss the purpose of Chapter 7 bankruptcy as well as the associated benefits and risks. Attorneys who have completed the trainings will be invited to join CVLS’s new bankruptcy panel.

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