Filing for bankruptcy involves providing detailed financial information and documentation to the court. The exact requirements may vary depending on the type of bankruptcy you’re filing (Chapter 7, Chapter 13, etc.) and your specific circumstances, but generally, you will need to provide the following:
First We will need to review your personal information, this includes your Full legal name, Social Security number, and current address. You and your attorney will review your income documentation. This includes your paystubs, Tax returns for the past few years, and documentation of any other sources of income such as child support, alimony, or rental income.
Next We will review your asset information. Together we will create a list of all assets, including real estate, vehicles, investments, bank accounts, retirement accounts, and valuable personal property. We need a list of debts including credit cards, loans, medical bills, taxes owed, and personal loans. You can also provide any collection letters or notices related to outstanding debts. To assist our clients with completing this list we pull credit reports from all three credit reporting agencies.
Lastly, a list of all monthly expenses, including housing costs (mortgage or rent), utilities, transportation, groceries, insurance premiums, etc.
It’s important to gather and organize all necessary documents and information before filing for bankruptcy to ensure that the process goes smoothly. Consulting with a bankruptcy attorney can provide guidance on the specific requirements and help you navigate the process effectively. Call Bononi & Company, P.C. in Greensburg for your free personalized debt consultation.
If you have any questions about the topic discussed in this article, or any bankruptcy law matter, please give us a call at Bononi & Company 724-832-2499.