Gathering Bankruptcy Paperwork

No need to get overwhelmed about gathering bankruptcy paperwork. Pulling together the paperwork to file for bankruptcy Chapter 7, Chapter 11 or Chapter 13 is usually more work in your mind than it is in reality.

When you meet with Winter Park bankruptcy attorneys Eric Lanigan and Roddy Lanigan, you will be provided a list of documents to gather. No one can do that but you and you’ll need to do so quickly so that your paperwork can be filed. You hold the key to your timeline.

It needs to be very carefully compiled and thoroughly arranged for your bankruptcy attorney. You don’t want to leave any questions, poor quality copies or missing pages. Take your time and do it right.

Take Time Gathering Bankruptcy Paperwork

You pay your bills every month.

You know your debt and what you own, what you owe, who holds your mortgage, your insurance company and you keep your tax returns.

But you have to show backup paperwork to actually accompany the financial story that you are sharing with the Federal Court in which you’re asking to file for bankruptcy.

While you may innocently have forgotten a bill, a debt or an asset and think that it doesn’t matter in the long run, it actually does matter. Immediately.

Upon completing paperwork for your attorneys, pulling your tax returns your insurance on your home, checking account statements, business accounts, investments and business losses and profit and loss statements, at the very end of the paperwork is a form that you sign.

It states that everything that you submitted was provided accurately and with your knowledge. So if after you file you remember that you own 10 acres of land in Hawaii or you suddenly recall that you didn’t submit your last credit card statement and you’ve bought jewelry or taken a vacation, there will be some repercussions.

Honest or not there are many intricate paperwork mistakes made by people rushing to get to the end of the bankruptcy.

The bankruptcy, whether a Chapter 7, Chapter 11 or Chapter 13 will take months to complete. So take your time, do all the careful checking now, so that at the end you’re not causing a delay in what can become a fresh start for you and your family.

Lanigan and Lanigan Explain Bankruptcy Paperwork

In order to qualify  to file a Chapter 7 Bankruptcy in Florida your monthly income after expenses has to be under the median in your area. Attorneys Eric Lanigan and Roddy Lanigan will explain the test and calculate to see if you are eligible to file for Chapter 7 bankruptcy.

In order to file bankruptcy, you must have copies of the following documents:

  • Last year’s tax return, and up to four years of tax returns additionally depending on what chapter of bankruptcy you file
  • Pay stubs
  • A list of monthly obligations, including credit card, mortgage and car loan debt
  • A list of property you own, including your home, cars and valuables
  • Other monthly expenses, including utilities and child support payments
  • Checking accounts for several months
  • Business accounts for several months
  • Profit and loss statements
  • Homeowner’s Insurance
If you don’t have these documents, take the necessary time to compile them. Do a little at a time and do it carefully and cautiously. Don’t wait to pull the paperwork together. When your attorney asks for it, get it and turn it in keeping copies for yourself.Many times you’ll need the originals and will not submit them to the attorney. Rather than have papers strewn everywhere, keep all of your copies in folders separated and clearly marked. You’ll need them again for when you file taxes. This process will put you in good shape for the coming tax season as well.