Discuss the major features of the bankruptcy process. 1 page double spaced. Please cite your sources

Mar 30th, 2015
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Discuss the major features of the bankruptcy process. 1 page double spaced. Please cite your sources. Please discuss this process do not list using numbers or bullets.

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Features of bankruptcy process:At first one must have to take counseling from approved agency six month before the filling of bankruptcy. It has been made mandatory since 2005Without doing it filled case will be dismissed. Than to start one need to file a bunch of forms to the court which consists of bankruptcy petition, financial information, and the form. Auto stay will start and creditor collection action will quit after filling petition. Than a trustee will be recruited by the court to manage the case. Paperwork and nonexempt property will be reviewed by the trustee to settle the creditor

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