Chapter 7 Bankruptcy Forms

Filing Chapter 7 Paperwork

After reviewing your financial situation, you’ve decided that the only option you have left is to file for bankruptcy. Now that you’ve made this difficult decision, it’s time to contact a qualified and experienced bankruptcy attorney. Filing for bankruptcy is not just about your finances, it’s about your well being. And an attorney that specializes in this complex area of law can help alleviate some of the stress associated with your bankruptcy case by assisting you with the mounds of paperwork and much more.

Your attorney will help you gather the necessary documentation you’ll need to provide for the bankruptcy court. For starters, you’ll need to provide the court with your basic information including your name and address (including any addresses from the past two years). It’s also important to provide the court with proof of your Social Security number.

Next, you’ll need to gather proof of your income and your expenses. To show proof of your income, the court will need to see pay stubs from the past six months as well as your income tax returns. For your expenses, gather a copy of each one of your bills including your mortgage payment or monthly rent, utilities, grocery receipts, gas receipts, your car payment, or bus fares if you take public transportation. You should also include your insurance rates.

Once you have gone through your income and expenses, the next step is to take a look at your assets. Your home, vehicle and any other items that you own that are of significant value should be listed. This may include your 401(k), savings and checking account, valuable jewelry and other household items. Once you list each of your assets, write down each items’ value. While your bank account and cash can fluctuate, the court is looking for a close estimate of your assets.

Finally, you’ll need to review your outstanding debts. The information you’ll need to provide is the amount you owe, the creditor’s name and their contact information.

As you can see, filing for bankruptcy requires a lot of paperwork, which is why it’s best to work with a bankruptcy attorney that can assist you with this process.