Chapter 7 bankruptcy is for total liquidation of debts. If you and your bankruptcy lawyer determine that you are eligible for a Chapter 7 and it is the type of bankruptcy best suited to your needs, you will need to include certain documents with the petition. When handling the document-heavy and detail-oriented process of filing for bankruptcy, it is best to consult with an attorney. The Radol Law Firm has over 30 years of experience helping clients through tough times. Feel free to contact us for a consultation.
Documents You Will Need to Include
Your lawyer will tell you that failure to include all the necessary documents when you file will lead to a denial of your case. The following are documents that you will need with the petition:
- Exhibit C for property that can cause harm to public health and safety;
- Your complete information of identity with your Social Security number;
- Statement of compensation paid to your bankruptcy petition preparer;
- Schedules A through J, which include statements of your real and personal property, exempt property, creditors who hold secured claims, unsecured priority claims creditors, unsecured non-priority claims creditors, executory contracts and leases that have not expired, co-debtors, your current individual income and your current expenditures;
- Statement of your financial affairs;
- Statement of compensation to attorney;
- Statement of Intention;
- Statement of any military service you rendered; and
- Statement of your current monthly income and calculation of the means test.
Many filers make errors in their bankruptcy petitions and are thereby denied. Bankruptcy is generally a complex matter and you may find it in your best interests to hire a bankruptcy lawyer if you file. If you need quality legal support from an effective bankruptcy law firm, contact The Radol Law Firm for a consultation to discuss your legal matter.