Digging Deep
Many individuals erroneously rush into the bankruptcy procedure. The issue is that failure to prepare before filing could render you ineligible for a debt discharge or disqualify you from receiving one. When deciding to file for bankruptcy, it is crucial to have all of the required documents organized in order to answer all of the questions on the petition. Your petition for filing will request information regarding your income and wages, bank and other account balances, tax returns, asset list, and debt accounts. Therefore, you must provide a comprehensive summary of this information.
You may be required to present some of the following:
• Automobile coverage for all vehicles
• Proof of homeowner's insurance • Paystubs from the last six months from each employer • Copies of the last two years' Federal Income Tax Returns
• Tax appraisal statement for any land or home; • Mileage, options, and model information on all vehicles owned or in the process of being purchased; • Valid driver's license and social security card; • All paperwork from any previous bankruptcy cases; • Bank statements for all bank accounts for the previous six months; • Copies of all bills and notices from creditors received in the previous three months; • Copies of all contracts for real estate purchases and/or appliance purchases; • Copies of all contracts for real estate purchases and/or appliance purchases Certification of course completion in credit counseling Statement copies for all financial and retirement accounts
These documents are necessary for the court to assess your financial requirements. Inadequate, false, or withheld information could result in the dismissal of your case or even suspicions of fraud. Always maintain an open line of communication with your bankruptcy attorney, even if you are compelled to conceal or inadvertently misrepresent information. If the status of your income, debt, or assets changes at any time, you must immediately notify the court to avoid problems.""
" - https://www.affordablecebu.com/
