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Filing for bankruptcy may be
Submitted by elizabethcarlsen on
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Filing for bankruptcy may be
Submitted by elizabethcarlsen on
Filing for bankruptcy may be a good option for you if you are unable to pay your monthly bills and you are falling further behind on your debts. Consumers can file for either Chapter 7 or Chapter 13 bankruptcy. Generally, the items that you need to file for bankruptcy are the same no matter which form of bankruptcy you file.
Prior to filing the bankruptcy petition, you will need to provide the court with several documents. For example, you will need to show the bankruptcy trustee your last filed tax return, and pay stubs for the previous six months. All individuals filing for bankruptcy must now also complete a credit counseling course prior to filing for bankruptcy. The credit counseling course can be completed online, and will only take about a hour to complete, but you must file the certificate of completion with the court after you finish the course.
About 45 days after you file for bankruptcy you will attend the meeting of the creditors, or the 341 meeting. During this meeting, the bankruptcy trustee will need to see your government issued identification, your Social Security Card and all bank statements for accounts you had at the time you filed the bankruptcy petition. Depending on the circumstances of your bankruptcy, additional documents may be necessary to complete your bankruptcy case. However, your bankruptcy attorney will help you provide the court with any necessary documents. Therefore, it is important to discuss your situation with an experienced bankruptcy attorney if you are considering filing for bankruptcy.
What you need
Submitted by RJasondeGroot on
What you need
Gather together the names and addresses of all of the creditors, along with information regarding each debt, and make an inventory of all of your personal property: I essense, everything that you owe, and everything that you own. Get to an attorney who handles bankruptcy matters for a full discussion of your financial circumstances.
Filing for bankruptcy may be a good option for you if you are unable to pay your monthly bills and you are falling further behind on your debts. Consumers can file for either Chapter 7 or Chapter 13 bankruptcy. Generally, the items that you need to file for bankruptcy are the same no matter which form of bankruptcy you file.
Prior to filing the bankruptcy petition, you will need to provide the court with several documents. For example, you will need to show the bankruptcy trustee your last filed tax return, and pay stubs for the previous six months. All individuals filing for bankruptcy must now also complete a credit counseling course prior to filing for bankruptcy. The credit counseling course can be completed online, and will only take about a hour to complete, but you must file the certificate of completion with the court after you finish the course.
About 45 days after you file for bankruptcy you will attend the meeting of the creditors, or the 341 meeting. During this meeting, the bankruptcy trustee will need to see your government issued identification, your Social Security Card and all bank statements for accounts you had at the time you filed the bankruptcy petition. Depending on the circumstances of your bankruptcy, additional documents may be necessary to complete your bankruptcy case. However, your bankruptcy attorney will help you provide the court with any necessary documents. Therefore, it is important to discuss your situation with an experienced bankruptcy attorney if you are considering filing for bankruptcy.