The case begins with
the filing of a bankruptcy petition and additional documents called «schedules.»
Because all debts and assets must be disclosed when you file for bankruptcy, back taxes are a debt owing and are automatically included upon
the filing of the bankruptcy petition.
or during the five - year period preceding
the filing of the bankruptcy petition, the debtor was not enrolled in school and had a gross income of less than 200 percent of the official poverty guideline during each of those five years.
Upon
the filing of a bankruptcy petition, the automatic stay provisions of the Bankruptcy Code prevent creditors from any further contact with the debtor.
Government guaranteed student loans can not be discharged in bankruptcy unless, (A) more than seven years has elapsed between the time the loan first became due and
the filing of the bankruptcy petition; or» (B) excepting such debt from discharge... will impose an undue hardship on the debtor and the debtor's dependents.»
The filing of the bankruptcy petition with the court immediately freezes a foreclosure proceeding.
For example, users can ask ROSS, «In New York, is
the filing of a bankruptcy petition solely for the purpose of restructuring a lease or rejecting a lease a bad faith filing after 2008?»
This part of the code states that all attempts by creditors to collect debts incurred prior to
the filing of a bankruptcy petition must stop immediately upon the commencement of a bankruptcy case.