What Items Can Go in Filing Bankruptcy

Filing bankruptcy is usually a difficult decision, whether you choose to seek forgiveness of most debts through Chapter 7 or restructure existing debt payments in a Chapter 13 case. There are some items that must be submitted in a bankruptcy petition as well as a number of debts eligible for relief, according to the United States Bankruptcy Court.

Considerations

Some debts cannot be included in any bankruptcy case, including most student loans, back taxes less than three years old, child support, alimony and court fines.

Credit Counseling

Proof of completing a federally-approved credit-counseling program must be included in a bankruptcy petition for it to be considered.

Financial Documents

Copies of your last three tax returns, bank statements and proof of any current income are required items when filing bankruptcy.

Consumer Debts

Consumer debts such as credit cards and personal loans may be included in bankruptcy. Secured loans such as a car note can also be included, but you will lose the collateral.

Other Debts

Other debts, including medical bills, late rent and utilities, and overdue daycare payments, can become a part of your bankruptcy case.

References

• United States Bankruptcy Court