Filing Chapter 7
Filing for bankruptcy is not only a financial issue…it’s an emotionally draining process.
No one wants to file for bankruptcy—sometimes it just cannot be avoided. But if you find yourself facing bankruptcy, the first thing you should do is to hire a highly experienced bankruptcy attorney. An attorney that specializes in this complex area of law can help protect your legal rights.
How to file for Chapter 7
Once you hire a bankruptcy attorney to help you, the next step is to file a petition with the bankruptcy court. Your court will be located in the area that you live in, or if you own a business, you will file a petition with the court that’s located in the area of your business. If you own several businesses, you’ll file a petition with the court that’s in the area of your main business.
Once you determine which court you will file your petition, you will need to provide them with information. You’ll need to file a schedule of your current income and expenses along with a schedule of your liabilities and assets. If it pertains to your bankruptcy case, you’ll also need to file a schedule of your contracts and any leases that are unexpired. The court will also need to have a record of your statement of financial affairs.
If you are married, you can file for bankruptcy jointly or as individuals. Keep in mind that even if you file a joint petition, you’ll still be responsible for the filing of all required documents that individual debtors must also file. Whoever your assigned case trustee may be, you’ll need to provide them with copies of your tax returns from the previous year as well as any tax returns that may be pertinent to your bankruptcy case. The court will also require you to show a certificate of credit counseling and pay stubs or checks you received from employers or customers (if you received any 60 days before you filed for bankruptcy).
Copying, reproduction, or duplication of the content, web design, or look and feel is strictly prohibited.
FilingChapter7.Org HAS SUPPLIED THE INFORMATION ON THIS WEBSITE FOR INFORMATIONAL PURPOSES ONLY. THE INFORMATION ON THIS WEBSITE MAY NOT BE 100% ACCURATE AND SHOULD NOT BE INTENDED AS LEGAL ADVICE. THE USE OF THIS WEBSITE DOES NOT CREATE A LAWYER-CLIENT RELATIONSHIP. HIRING AN ATTORNEY IS A VERY IMPORTANT DECISION. BEFORE HIRING AN ATTORNEY IT IS IMPORTANT TO ASK FOR WRITTEN AND VERIFIED INFORMATION ABOUT THE ATTORNEYS QUALIFICATIONS AND EXPERIENCE.