Chapter 13 Bankruptcy Lawyer | Required Documents & Debt Relief Guide

 


The right papers need to be filed to begin a Chapter 13 bankruptcy case. To assess your situation, prepare your petition, and develop a workable repayment plan, an experienced chapter 13 bankruptcy lawyer will need accurate financial information. The Massachusetts Bankruptcy Center helps individuals throughout Massachusetts learn what information they should gather when looking for debt relief. Your attorney may ask to see several types of financial records. These may include recent federal and state income tax returns, income information such as pay stubs or profit-and-loss statements, and information needed to determine your household income and expenses. Homeowners may also need mortgage statements, property deeds and any applicable homestead documentation. Also important are records of your debts, such as statements for vehicle loans, other secured obligations, credit cards, medical bills, and personal loans. You may also be required to provide bank statements, retirement account information, insurance records, monthly household expenses, and documentation regarding other significant assets. The specific requirements may vary depending on your situation and the bankruptcy court overseeing your case. Your Chapter 13 bankruptcy attorney will have the information he or she needs to develop an appropriate strategy if you provide complete and accurate documents, which helps prevent unnecessary delays. Getting your records in order early can make the filing process smoother and help you move toward a more manageable path to debt relief. 

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