The official bankruptcy forms that you need to file for both Chapter 7 and Chapter 13 bankruptcy are now available online through the website of the U.S. Courts. You can complete the forms online, save them, and print them.
Once you have decided that filing for bankruptcy is your best option, it's time to get started on your paperwork. Whether you file for Chapter 7 or Chapter 13 bankruptcy, you will have to complete a fairly large packet of forms with the bankruptcy court.
When filing for bankruptcy, you must list of all of your personal property and provide a value for each item. In bankruptcy, "value" refers to an item's “replacement value” -- the price a retail merchant would charge given the age and condition of the property.
Valuing your car, van, truck, motorcycle or other vehicle is an important part of a bankruptcy case; when you file for bankruptcy, you must include a list of everything you own and how much each item is worth.
Properly valuing your home in both Chapter 7 and Chapter 13 bankruptcy is important. In some situations, your home's value will determine whether you can keep it, or whether you can strip junior mortgages off. Here's how to value real estate in bankruptcy.
When you file for bankruptcy under Chapter 7 or Chapter 13, you have to complete a packet of forms and file them with the court. Schedule C is one of the most important forms you have to file: It tells the court and your creditors what property you claim as exempt under state or federal law.
When you file for bankruptcy, you must complete a packet of forms listing your assets, debts, income, expenses, and financial transactions. One of these forms is Schedule D: Creditors Who have Claims Secured by Property where you provide information on your secured debts. This article explains how to complete Schedule D.
On bankruptcy Schedule E/F, you list priority unsecured debts and nonpriority unsecured debts. Learn what those are and how to fill out the form. On bankruptcy Schedule E/F, you list unsecured, priority debts and unsecured, nonpriority debts. Learn what those are and how to fill out the form.
You may be tempted to leave pending lawsuits and claims you have against someone else off your Chapter 7 bankruptcy petition and schedules. But failing to disclose lawsuits and legal claims in your bankruptcy is a big mistake. It's an act of dishonesty which could lead the bankruptcy court to deny
Is bankruptcy the right solution for your overwhelming debts? Pick the best strategies for your situation with the information and practical suggestions in this book by best-selling author Stephen Elias.