Filing for bankruptcy is not an easy thing to do. Firstly, there is an emotional aspect of feeling confused, upset, stressed, helpless, or even like a failure. When our clients come to us, they often feel like we are their last hope. Secondly, bankruptcy law can be incredibly difficult to understand. The complex legalities involved can be overwhelming for anyone who doesn’t have years of experience practicing this form of law.
As an Englewood bankruptcy law firm, we have represented clients facing all kinds of financial struggles, including those filing for Chapter 7 bankruptcy. If you think that Chapter 7 might be the right form of bankruptcy for you, our lawyer shares what you should know about the filing process.
What to Do Before Filing
Before you can file for Chapter 7 bankruptcy, you complete the following steps:
- Learn about Chapter 7 bankruptcy – Not all bankruptcies are the same. Some come with benefits and consequences that others don’t have. Make sure you talk with an attorney or do some research to fully understand what makes Chapter 7 bankruptcy different from the rest.
- Credit Counseling –180 days before you file, you must finish a pre-filing credit counseling course through an accredited agency. Once completed, your attorney can file your certificate with your case.
- Make some changes – These changes could include moving money from a bank you owe money to a new bank or halting all automatic payments to creditors.
What You Need for Filing
To file for Chapter 7 bankruptcy, you need the following documents:
- Pre-filing credit counseling certificate
- Pay stubs and proof of income
- List of lenders and creditors
- Most recent tax returns
- Divorce and domestic support orders, i.e. alimony, child support, etc.
With these documents, your attorney will be able to file your case and begin your journey. For more information about what happens during the Chapter 7 bankruptcy process, contact the Law Office of Michael Boyd and schedule a consultation.