If you decide that you want to file Chapter 7 bankruptcy, then you will need to begin with compiling all the information you need. It is essential to provide the court with complete information and documentation.
The US Courts explain if you turn in an incomplete petition for bankruptcy, the court can dismiss your case. You would then have to go through the filing process again.
Basic filings
When you file for Chapter 7, you must complete the petition, which is the basic court documentation making your bankruptcy request. You also must provide the court with a list of your assets and liabilities, information about your income, debts and expenses. You also must provide a complete picture of your finances, which includes bank accounts and other financial documents.
Taxes
You will need to give the court copies of your tax returns for the most recent year. If you file taxes during your case, you will probably need to give copies of them to your trustee as well. Self-employed filers may need to provide additional tax information for more years as proof of income.
Other documents
You will need to also give the court proof of your credit counseling. You also need to provide information about any changes you expect to have with your finances and information about other expenses, such as education.
Keep in mind that if you have a spouse, you must provide all the information for your spouse as well. This applies even if you are not filing together. You should be certain that you provide the court with every bit of information requested to fully show your assets, liabilities and financial situation.
