Initial Attempt
When you submit your initial bankruptcy petition, you must assemble and transmit a number of documents, including the following:
- Insolvency filing expenses
- Petition to declare bankruptcy voluntarily (Official Form 1)
- Mailing Matrix - A list of all creditors you owe money to.
- Social Security number statement (Official Form 21)
- Evidence of credit counseling
Round 2
After submitting the forms outlined above, you will have 14 days to submit additional documentation. Failure to submit the following documents within two weeks of registering for bankruptcy may result in an incomplete or denied petition. In round 2, include the following:
- Tables detailing debts and creditors
- Notification to debtor regarding credit counseling and bankruptcy options (Official Form B201).
- Statement of Financial Affairs (Form 7 of the Official Forms)
- Current Monthly Income Statement (Official Form 22C)
- Chapter 13 Repayment Plan, which must include plan duration and creditors' payment method
Filing for bankruptcy may provide an opportunity to recover from debt, but there are stringent application and payment deadlines. In addition, the documentation will contain legal jargon that may frustrate and confound individuals who attempt to file without an attorney.
To ensure that your best interests are protected, you should discuss your legal options with an experienced bankruptcy attorney.""
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