What happens when I file for bankruptcy?
I’m eligible to file – now what?
Congratulations – you’re on your way to a debt-free future! Now you’ll need to file a bankruptcy petition, the official document that gets the process started.
You’ll need to supply your bankruptcy attorney with your important financial documents – any information pertaining to your income, expenses, assets and liabilities. This will help your lawyer determine your “current income” and other calculations.
When listing your assets, make sure to include everything you own that is considered to have value. That means the big stuff like cash and investments, vehicles, and real estate, but also smaller items you might not think about, like clothing, jewelry and furniture.
You’ll also need to include money due to you, such as tax refunds or alimony, and money you owe – primarily, what is due to your creditors.
Cataloging every detail of your financial life might feel intimidating at first, but rest assured, a professional bankruptcy attorney will break the process down step-by-step so it goes smoothly and comfortably.
Meanwhile, it won’t hurt to start preparing this information if you’re considering bankruptcy. Remember, if you have any questions or concerns along the way don’t hesitate to ask us at DebtStoppers. It’s why we’re here.
Remember – bankruptcy is your chance for a fresh start!
Bankruptcy can seem overwhelming, but it’s actually just the opposite. When you eliminate debt through bankruptcy, you simplify your life. No more sleepless nights, no more harassing phone calls, no more unpaid bills. Just financial independence.
It doesn’t have to be a dream. At DebtStoppers, our job is to make your financial freedom a reality. Give us a call at 800-440-7235 or fill out our free one-on-one debt analysis form online.
Don’t wait another day – the sooner you file for bankruptcy, the sooner you’ll kiss debt goodbye. Sign up for a personal debt evaluation online right now!