The first step to filing bankruptcy is consulting with an attorney to make sure you qualify. They should be able to analyze your income to determine if you are under your state’s median income level, or if you qualify for Chapter 7 through the Means Test.
Once you have qualified for bankruptcy and hired your attorney, you will need to submit documents to them. Documents you will need to provide include, but not limited to: 2 years of tax returns; 6 months of paystubs; your driver’s license and social security card; your bank statements; recent divorce and child support documents; vehicle registrations, and any judgments against you. Your attorney will tell you which documents apply for your case. You will likely need to file out a client intake form and list the value of your belongings. You will also need to take an online credit counseling course.
Once you have submitted your documents, your attorney will draft your petition. You will meet with your attorney to review the petition, sign it, and prepare for your 341 Meeting of Creditors. The attorney will then file your petition for you. You will soon receive a letter from your trustee informing you of your court date and most likely requesting additional documentation from you. You should send the information to your trustee as soon as possible.
Your attorney will attend your 341 Meeting of Creditors with you and help you answer questions from the trustee and any of your creditors that choose to attend. You will then need to take a second credit counseling course within 60 days of your 341 Meeting of Creditors. Once these steps have been completed, your case will be eligible for discharge.
CONTACT A CHANDLER BANKRUPTCY LAWYER