How to Amend a Bankruptcy Petition

A bankruptcy petition is a legal document outlining the terms of bankruptcy. Whether due to a change in income, or other factors, sometimes it is necessary to amend the bankruptcy petition. When dealing with anything in bankruptcy, it is always a good idea to have an attorney. Bankruptcy is a complicated legal matter, and having a professional to guide the way makes it much less stressful. Read on to learn how to amend a bankruptcy petition.

Instructions

Difficulty: Moderate

1. Meet with the attorney handling the bankruptcy case. The attorney can get started on making the changes, and filing the correct paperwork to get the filing amended.
2. Schedule a meeting with the trustee. When the attorney files the motion to amend the bankruptcy petition, a court date will be set to meet with the trustee regarding the modifications.
3. Make sure that modifications are clearly explained. This makes it easier for the trustee to understand, and more likely he or she will approve the amendments.
4. Be certain that all secured creditors will be paid. Things such as back taxes, houses, cars and anything else secured has to be paid. Make sure there is enough income to cover these bills. If there isn't, the trustee will not approve the amendments, and there is a chance the case will be dismissed.
5. Keep making payments on the bankruptcy case. Unless otherwise directed by the trustee, it is still mandatory to keep making payments on the case. In the case of lower income or other financial duress, talk to the attorney to discuss viable options.