Filing Bankruptcy
When filing bankruptcy, you're going to need to complete this thing called a Voluntary Petition. It's as easy as that, and as complicated as that. These forms are "only" two pages long. However, they require the addition and inclusion of between 10-20 schedules and forms to go along with them.
Which schedules do you need? You'll usually need one that lists all of your personal property. Cars, boats, TV sets, clothes, everything. You'll also need to list all of your debts, each credit card, every mortgage, every medical bill that you thought you forgot about. List all of your assets, your income, and your monthly expenses. Doing all of this can -- and will -- take hours. Just pulling together all of the information scattered about will take you a while. And if you have a business, you can probably double the time invested. You'll need business bank statements, and income and expense statements for the past 6 or 12 months. Having a credit report probably wouldn't hurt.
There are many judgment calls to make when completing the bankruptcy petition. Make the wrong call and your case will be discharged or worse! You can lose your car or other valuable possession to pay the creditors you wanted to get away from. The knowledgable experience of a bankruptcy attorney is really valuable.
After your bankruptcy is filed your creditors will be notified, and then you will wait for your Meeting of Creditors (341a) exam. The trustee will closely scrutinize your papers, and you will be put under oath.
It really is in your best interests to not navigate this path on your own. Have a helpful and knowledgable guide lead the way. Go with Attorney Roger Slain who only does this type of law for a living, and is full of the helpful bankruptcy information you need, to make filing bankruptcy easy.
Which schedules do you need? You'll usually need one that lists all of your personal property. Cars, boats, TV sets, clothes, everything. You'll also need to list all of your debts, each credit card, every mortgage, every medical bill that you thought you forgot about. List all of your assets, your income, and your monthly expenses. Doing all of this can -- and will -- take hours. Just pulling together all of the information scattered about will take you a while. And if you have a business, you can probably double the time invested. You'll need business bank statements, and income and expense statements for the past 6 or 12 months. Having a credit report probably wouldn't hurt.
There are many judgment calls to make when completing the bankruptcy petition. Make the wrong call and your case will be discharged or worse! You can lose your car or other valuable possession to pay the creditors you wanted to get away from. The knowledgable experience of a bankruptcy attorney is really valuable.
After your bankruptcy is filed your creditors will be notified, and then you will wait for your Meeting of Creditors (341a) exam. The trustee will closely scrutinize your papers, and you will be put under oath.
It really is in your best interests to not navigate this path on your own. Have a helpful and knowledgable guide lead the way. Go with Attorney Roger Slain who only does this type of law for a living, and is full of the helpful bankruptcy information you need, to make filing bankruptcy easy.