what paperwork do you bring to the lawyer to file for bankruptcy

• Financial Records. Your financial records are some of the first documents you should collect. These records will help determine which type of bankruptcy is best suited for you.
• Legal Records. Any legal history or pending litigation involving you is information you'll want to disclose to your attorney.
• Additional Documents. The following list is a combination of assets you own and what you need to verify your income. ...
• Documents Needed To File Chapter 7. There are a number of documents you need before filing for a Chapter 7 bankruptcy. Planning To File Bankruptcy?

Full Answer

What documents are needed to file bankruptcy?

Sep 01, 2021 · You’ll have to provide documents to the trustee and gather other documents in order to complete your bankruptcy papers. Here’s what you’ll need. When you fill out your bankruptcy paperwork, you’ll be asked to disclose information regarding your financial affairs, such as your income and expenses, assets and debts, and property transfers. Also, you’ll need …

Do I need to send documents to my bankruptcy meeting of creditors?

Listed below is a more expansive list of documents that you should bring during the first meetings with a bankruptcy lawyer: All financial documents, including bank account statements, receipts for major purchases, wage statements, and tax returns;

What documents do I give the bankruptcy trustee before the 341 meeting?

You'll also need proof of other income sources such as Social Security funds, disability, or rental properties. If you're self-employed and filing for bankruptcy, you'll probably need to provide a year-to-date profit and loss statement, as well as for the two full years before filing.

What should I bring to my first meeting with a bankruptcy lawyer?

Understand that when you file bankruptcy your attorney will have to create a number of documents on your behalf. These documents include: The petition A schedule listing assets, liabilities, income, and expenses A statement of financial affairs which goes into more detail about your particular financial situation.

What should I gather for bankruptcy?

Documents You'll Need to Complete Chapter 7 Formssix months of paycheck stubs.six months of bank statements.tax returns (the last two years)current investment and retirement statements.current mortgage and car loan statements.home and car valuations (printouts from online sources work)More items...

How do I prepare for a bankruptcy meeting?

0:195:35Bankruptcy Meeting of Creditors Preparation - YouTubeYouTubeStart of suggested clipEnd of suggested clipFirst it's really important to bring a photo ID. So a driver's license or passport.MoreFirst it's really important to bring a photo ID. So a driver's license or passport.

What is the downside of filing for bankruptcy?

Disadvantages of Bankruptcy: A bankruptcy may impede your chances of getting a mortgage or car loan for some time. Not all debt will be discharged. Examples of debt that cannot be discharged include child support, alimony, some student loans, divorce settlements and some income taxes.

How far back does a bankruptcy trustee look?

Your bankruptcy trustee can ask for up to two years of bank statements. The trustee will look at your statements to verify your monthly payments to make sure they match the expenses you put on your bankruptcy forms.Dec 6, 2021

What questions will the trustee ask?

Questions the Trustee Can (and Will) AskDid you read and review your bankruptcy petition, including all of the schedules, before signing it?Was the information contained in the petition accurate when you signed it?Has anything changed since you signed the petition?Have you filed for bankruptcy before?More items...•Dec 31, 2020

What is a no asset Chapter 7?

With a no-asset chapter 7 bankruptcy, the debtor will not lose any of their property. A “no-asset” Chapter 7 bankruptcy means you do not have assets that the bankruptcy trustee can sell to pay your creditors.

Can I keep my car if I file bankruptcy?

The hire purchase or conditional sale agreement may include a clause ending the agreement if you go bankrupt. If this happens, the lender can repossess the vehicle and sell it. Some lenders may allow you to keep the car, even if there's a clause like this in your agreement.

Is it better to file a Chapter 7 or 13?

Most consumers opt for Chapter 7 bankruptcy, which is faster and cheaper than Chapter 13. The vast majority of filers qualify for Chapter 7 after taking the means test, which analyzes income, expenses and family size to determine eligibility.

What happens after I file bankruptcy?

A bankruptcy filing will lower your credit score and may stay on your credit report and in public records for some time. Bankruptcy will stay on your credit for 10 years if you filed for Chapter 7 and seven years if it is a Chapter 13 bankruptcy.Jun 30, 2021

Can creditors ask for bank statement?

Before you go to court, you'll need to prepare a full financial statement. This is so that your creditor can see whether you can afford to pay back the debt and how much. The financial statement shows in detail: how much money you have coming in.

Does bankruptcy look at your bank account?

Your Chapter 7 bankruptcy trustee will likely check your bank accounts at least once during the process of overseeing your filing. They have a right to perform a full audit of your accounts or check them any time it is necessary. However, it is rare for them to keep close tabs on every account.

Can I deposit money after bankruptcy?

Can I Put Money in the Bank After Bankruptcy? Federal law provides that money deposited into your bank account after bankruptcy cannot be taken by your creditors. The reason this rule is that bankruptcy deals with the assets and debts you had before you filed your case.Aug 19, 2011

What Documents Do You Need to File For Bankruptcy?

The documents you’ll need are the same whether you are filing a Chapter 7 bankruptcy or Chapter 13 matter, with slight variations. However, for exa...

Retirement and Bank Accounts

Recent bank and retirement account statements must be provided to the bankruptcy trustee for all accounts.IdentificationWhen you go to your hearing...

What Information Do You Need to Complete The Bankruptcy Forms?

Most of the information you’ll need to fill out your bankruptcy paperwork will be in those documents, including asset value and income information....

Credit Counseling Requirement

In addition to the documents above, the law requires that you complete a credit counseling class and obtain a certificate before you can file for b...