Filing for bankruptcy isn’t simpler, rather gathering paperwork, meetings, and complete analysis of your assets, debt, or expenditures, etc. by the court, makes it all the way more complex.
The safest way to file bankruptcy is to hire an expert bankruptcy lawyer and also, to get organized. In this way, you can prepare for the process in a better and smoother way. Get more information about bankruptcy Butler County PA, bankruptcy law firm Butler County PA, bankruptcy Butler PA click on the links.
In persuasion, we have curated the complete list of documentation that you require to gather at the earliest.
Checklist for Bankruptcy Documents
Basic personal information: first and foremost step is to document who you are. It includes everything related to you like name, social security number, etc.
Income documentation: Whatever type of bankruptcy you want to file, you need to gather your income proof for at least six months before filing for bankruptcy. It includes everything profit, losses, another source of additional incomes, etc. which is implacable for self-employed or others as well. It is used to evaluate your eligibility to file for desired bankruptcy type.
Tax returns: These tax returns statements are used to verify your income. Therefore, you may be asked to generate tax returns of two years before filing for bankruptcy or even more depending upon your specific bankruptcy case.
Real estate: The state law may exempt you to keep your home for mortgage or other deeds. All you need to do is to hire a professional debt relief lawyer from a renowned bankruptcy law firm to get the exact value of your home or other real estate property correctly.
Vehicle titles & records: You are required to gather current possessions of vehicles and their record as well. If you are currently paying any loan on any vehicle, you need to gather the specific loan documents as well. Bankruptcy courts are exempt to keep certain value for personal vehicles too.
Bank statements: You are filing for bankruptcy when you are unable and inefficient to pay for debts. Therefore, the bankruptcy court requires you to check out your bank statements or other financial records as well. This is to ensure that you aren’t hiding potentialities to pay off debts.
Alimony or child support verification: Alimony or child support are the potential to affect the ability to pay off debts. Therefore, working with a chosen bankruptcy lawyer to gather these types of payments and certified copies from the bankruptcy court is enough here.
In addition to the above-mentioned documentation, you also need Credit or debt records, a list of assets, proof of credit counseling, etc. to successfully file for bankruptcy. Additionally, the expert bankruptcy attorney plays a crucial role in making the complete process fast and smooth for you.
