For many, the thought of going bankrupt is a whirlwind of emotions and legal maneuvering. Others feel that they know enough to be able to do the job themselves without the aid of a bankruptcy attorney or help of any kind. Keeping that thought in mind, let’s have a quick look at some of the forms you will need to file to initiate a Chapter 7 entirely on your own.
First of all, every debtor will have to file a voluntary petition, creditor mailing matrix, a Credit counselling certificate, Social Security Number, and any information about whether or not they had a petition prepared by a third party.
You will also have to file the following bankruptcy forms:
- Schedule A- Real Property
- Schedule B- Personal Property
- Schedule C- Property Claimed as Exempt
- Schedule D- Creditors Holding Secured Claims
- Schedule E- Creditors Holding Unsecured Priority Claims
- Schedule F- Creditors Holding Unsecured Non priority Claims
- Schedule G- Executory Contracts and Unexpired Leases
- Schedule H- Co-debtors
- Schedule 1- current Income
- Schedule J -current Expenditures of individual Debtor(s) with Statement of Monthly Net Income
- Statement of Financial Affairs
- Statement of Current Monthly Income and Means Test Calculation
- Summary of Schedules
- Statistical Summary
As you can see from the list of the common forms that are required, it is not a simple one step process. While an exceptionally legally savvy person may be able to muddle through the process with some success the absolute best way to proceed is contact a Texas bankruptcy lawyer in and get the assistance that you will most likely require. As with most legal proceedings it is always better to have someone in your corner with the expertise needed to help you get the best result in the most painless fashion.