Filing for bankruptcy can seem like a daunting process, but it can be the best way for someone to truly gain a fresh financial start and release you from a mountain of debt. Meeting with an experienced bankruptcy lawyer is your first step, but before you head to that initial meeting, you will need to find the following papers and documents.
You first will need to provide proof of income dating back at least six months. If you are employed, bring your payroll stubs. If you are unemployed, then you need to bring any documents that show you have been receiving any type of compensation during your period of unemployment. You also need to bring along proof that you receive alimony or child support payments, social security payments and any other type of income.
Tax returns are another important document that you will need to bring. You need to have the returns for the last four years. These returns will give the bankruptcy court an idea of your financial history, as well as your current and past assets.
In order to reduce or remove your debts, the bankruptcy court will need to see what those debts entail. So you must provide documentation regarding all the companies and people who are your creditors. This might include anything from a car repair shop to a credit card company. Your credit card statements are especially important because they offer a glimpse of your spending and payment habits. If you owe money to a family member or perhaps a friend, include this as well. If you don't have a formal document, simply write down the amount you owe and the reason for the loan.
You also will need to provide six months to a year of bank statements. Include statements from every bank where you have an account. If you have sold or purchased any investments in the last six months or so, you also need to provide documentation of that.
Now that you have found all of this pertinent and required information, it is time to consult with a qualified bankruptcy attorney. The attorney will look over your paperwork and counsel you as to whether you will qualify for bankruptcy. You also are required to attend a credit counseling course prior to filing for bankruptcy, and your attorney will offer a list of places where you can attend the course.
You first will need to provide proof of income dating back at least six months. If you are employed, bring your payroll stubs. If you are unemployed, then you need to bring any documents that show you have been receiving any type of compensation during your period of unemployment. You also need to bring along proof that you receive alimony or child support payments, social security payments and any other type of income.
Tax returns are another important document that you will need to bring. You need to have the returns for the last four years. These returns will give the bankruptcy court an idea of your financial history, as well as your current and past assets.
In order to reduce or remove your debts, the bankruptcy court will need to see what those debts entail. So you must provide documentation regarding all the companies and people who are your creditors. This might include anything from a car repair shop to a credit card company. Your credit card statements are especially important because they offer a glimpse of your spending and payment habits. If you owe money to a family member or perhaps a friend, include this as well. If you don't have a formal document, simply write down the amount you owe and the reason for the loan.
You also will need to provide six months to a year of bank statements. Include statements from every bank where you have an account. If you have sold or purchased any investments in the last six months or so, you also need to provide documentation of that.
Now that you have found all of this pertinent and required information, it is time to consult with a qualified bankruptcy attorney. The attorney will look over your paperwork and counsel you as to whether you will qualify for bankruptcy. You also are required to attend a credit counseling course prior to filing for bankruptcy, and your attorney will offer a list of places where you can attend the course.
About the Author:
Raphael Mccollins loves blogging and talking about bankruptcy issues. For additional details about documents needed in declaring bankruptcy or to find help with bankruptcy Mission Viejo, or to find out more about bankruptcy Ladera Ranch lawyers, please check out the MikeDavidLaw.com website now.
0 comments:
Post a Comment