Paperwork Required to File for Chapter 7

In order to file for Chapter 7 bankruptcy, you will have to complete several forms including a petition.  You will also have to fill out a statement of financial affairs and several schedules.  The law requires that you also provide:

• A list of all your creditors as well as a list of the amount and nature of your debt to each creditor.
• A statement listing the source of your income, amount of your income and the frequency of your income.
• A list of all your property (must be detailed).
• A list of your monthly living expenses (i.e. rent, food, clothing, transportation, taxes, medicine).  This list must also be comprehensive.

As you can see, a great deal of information is required when you file for Chapter 7.  If information is lacking or missing, your bankruptcy petition can be denied.  For this reason, it is encouraged that you work with a Chicago bankruptcy attorney that can help you with your paperwork.  Working with a lawyer will expedite the bankruptcy process and save you a great deal of time.  To get help from an attorney, contact Bizar and Doyle today!