It can be scary when you realize that you need to file for bankruptcy. Filing for bankruptcy might mean several new changes for you and your family, but it can also give you a fresh financial beginning. Once you begin this process, it’s essential to keep in mind the rules and requirements of the court. There are several pieces of documents you’ll need.
Proof of Income or Lack Thereof
If you are employed, you’ll want to include at least 60 days worth of previous paystubs from all forms of employment. You’ll need the last two years’ worth of tax returns and all records, including itemizations, schedules, and worksheets that may have gone with them. Don’t forget to bring any receipts or deposit slips from any self-employment, side gigs, or one-off odd jobs that you’ve had in the last six months. If you’ve been unemployed and are receiving unemployment, you will want to bring the unemployment stubs.
List of All Assets
Assets include cash on hand, vehicles that are in your name, whether they are paid for or not, artworks, jewelry, large or expensive tools, homes, timeshares, real estate investments, trusts you have access to or control, stocks, bonds, bank accounts, and more. If you have access to a joint bank account with someone else, you will want to bring the bank’s name and the account number.
List of Everyone You Owe Money
The list can be lengthy.
- Your mortgage holder
- Anyone you owe personal loans to
- Lines of credit at the bank
- Homeowner equity lines of credit
- Credit card companies
- Student loans
- The department of child support
- Back taxes
- Medical bills
- Anyone else to whom you were making payments
It doesn’t matter if the payments you’re making will be placed on your credit report or not. While not all of these debts may be discharged in the bankruptcy you’re filing; your attorney will need all of this to help expedite your paperwork.
It’s at this juncture that working with bankruptcy law Orlando-based can be hugely helpful. The right bankruptcy lawyer will be able to fill out all court forms correctly.
