What Information Do I Need to File for Bankruptcy?

Posted on Dec 17, 2012 By Amy K. Tanner

One of the first things that a seasoned bankruptcy attorney said to me when I first began practice in the area of bankruptcy law is that bankruptcy is the most paperwork oriented area of the law! That is one reason that I always recommend the assistance of an experienced bankruptcy attorney to help you through the process. Upon filing a petition for relief with the Federal Bankruptcy Court, one is also required to file a set of schedules disclosing the debtor’s assets, liabilities, budget and some financial history.

It is very helpful to keep all paperwork involving your creditors, personal financial accounts, bank accounts, pay advices and any other paperwork relevant to your
financial situation.

A common list of information that is helpful to provide to your bankruptcy attorney is as follows: photo I.D., Social security card, federal tax returns for the previous four years, paycheck stubs for your entire household for the past six months, recent bank statements, copies of life insurance policies, retirement or 401K account statements, tax appraisals on any real estate you own or are currently purchasing and a list of your household goods or assets.

The above information will be used to prepare your bankruptcy petition and schedules that you are then required to sign under penalty of perjury. Therefore, it is very important that you have provided the most accurate information to your attorney and reported your financial situation to the best of your knowledge.

If you are in a financial crisis and feel that you may need bankruptcy assistance to help you, please contact one of our offices nearest to you and set up a free consultation to speak with one of our licensed attorneys who can further advise you about this matter and any other financial problems that you are experiencing.