Vance P. Truman, Attorney at Law
Putting People's Financial Worries Behind Them Free Initial Consultation
330-591-4729

Necessary documents for a Chapter 7 filing

So you've decided that you're going to use Chapter 7 bankruptcy to eliminate your debt and get a fresh start. What types of documents do you need to file with the bankruptcy court? Below are a few things they'll need to go along with your Chapter 7 bankruptcy petition:

1. Your current income statement. The court needs to know how much you make consistently, whether you're a salaried worker, an hourly worker, a contract worker or something else entirely.

2. A list of your expenses. This can include things like buying food for your family, paying the electric bill, and the like. It will be balanced out against your income.

3. A list of your liabilities and your assets. Don't try to hide any assets to make it look like your liabilities are more significant.

4. Paperwork regarding your unexpired leases, your executory contracts, and your general financial affairs.5. All necessary tax returns. This includes the last tax return before you filed for bankruptcy. Depending on how long the case takes and when you file, you may have to provide more tax returns as the process plays out.

The court is just trying to quickly learn everything there is to know about your true financial state. This information can help to show if you are eligible for bankruptcy, what assets can be liquidated to pay the creditors and more. Providing accurate and complete information is important if the case is going to be successful, so make sure you know exactly what the court needs at every step in the process.

Source: United States Courts, "Chapter 7 - Bankruptcy Basics," accessed Nov. 23, 2016

No Comments

Leave a comment
Comment Information

Get the debt relief you need, the personal attention you deserve.

Call us today for a free consultation at 330-591-4729, or fill out the form below, and we will contact you.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Contact Information Vance P. Truman, Attorney at Law

689 Lafayette Rd.
Medina, OH 44256

Phone: 330-591-4729
Fax: 330-722-3410
Map & Directions

Payment Plans Available Call Us For Your Best Suitable Payment Option

VISA master card American express Discover network