What Information Do I Need to Take to a Lawyer for Bankruptcy?
When you file for bankruptcy, you will be required to sign papers that declare that you have disclosed all relevant information. If you intentionally lie on this disclosure, your bankruptcy case can be dismissed, and you may even face jail time. To make a good start on this process, try to be thorough when you first take paperwork to your attorney to begin your bankruptcy process. If your attorney asks you complete a questionnaire in advance of your first meeting, make sure to do this as completely as possible and follow her instructions when gathering documents.
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List of Creditors
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You should bring a list of everyone to whom you owe money. This includes even relatives or friends who have lent you money. Also mention any debts that are disputed --- that is, agencies who say you owe money even if you believe you have paid them back. All of this can be dealt with in the bankruptcy proceeding. Bring loan documents, title policies, insurance policies and any correspondence you've had with your lenders, including notices of default. Gather any evidence of payments you have made toward your debts, whether it's in the form of bank statements, receipts or canceled checks.
Savings and Assets
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Bring documentation on all savings accounts and items of value that you own. This includes retirement accounts, college savings and life insurance. These will likely be exempted from your bankruptcy case, but you still need to declare them. Also bring statements from regular savings accounts, stock options and other financial assets. List valuables such as jewelry or musical instruments, and if you have a valuation document, bring that with you.
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Property
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List all of the property that you own, and bring mortgage documents or title deeds. It can be very helpful to get a professional appraisal of your house if you are a homeowner. This is useful when it comes to claiming the homestead exemption and perhaps discharging a second or third mortgage on the property. If you are in the midst of a foreclosure, bring any paperwork you have received from your lender or the court. Also list all vehicles you own, including information on make, model, year and mileage so an estimation of value can be made.
Income
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Bring pay slips and proof of any other income. Bring three months of bank statements and your latest tax return. List any income from benefits, disability, child support, interest, dividends, rents and other non-earned income sources.
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References
- Photo Credit hands of the businessman image by Alexey Klementiev from Fotolia.com
