You made it through the Meeting of Creditors and are all geared up and ready to go! You had your day in court and are ready to tack on whatever comes next. If your case is like the typical chapter 7 bankruptcy at this point there is a whole lot of nothing going on – at least as far as you are concerned. After the Meeting of Creditors the only requirement left you is to complete a financial management course. There are a lot of different providers of this course, most of which are done online. At my office we use the course offered by Dave Ramsey. I have tried different courses with clients and by far I have had the most positive comments from the Dave Ramsey course. Like the pre-bankruptcy credit counseling course you took this is merely an information course to provide you with knowledge to help avoid financial problems in the future.
Here in Arizona, from the time your Meeting of Creditors is complete until you get your discharge order from your judge, is about 60 to 90 days. During this time your bankruptcy trustee if finalizing paper on their end and working with your bankruptcy lawyer to resolve any issues with the case. Most cases go through this phase without any problems and the case is discharged (meaning the debts are eliminated). This leads up to the next step which I will discuss in a lot more detail, the bankruptcy discharge.