Once you decide to file for Chapter 7 or Chapter 13 bankruptcy, the next step is to learn about the filing process. The articles below will help make the process more manageable. Below you can learn about:
There are many reasons why debtors convert their Chapter 7 bankruptcy to a Chapter 13 case. Some debtors simply make too much money to qualify for Chapter 7 bankruptcy and must convert to avoid dismissal of their case.
In most cases, you begin your bankruptcy case by filing your bankruptcy petition with the United States Bankruptcy Court. But figuring out the location of the correct court to file your case is not always easy. There are 94 federal judicial districts in the United States -- each with a bankruptcy court.
When completing the bankruptcy forms, you must provide the value of each item of your personal property, such as cars, furniture, jewelry, and the like. You will list these values on Schedule B of the bankruptcy forms, as well as a few other forms.
When you file for Chapter 7 or Chapter 13 bankruptcy, you must complete a packet of forms. On bankruptcy Schedule I: Your Income, you include your current monthly income from all sources. On bankruptcy Schedule I: Your Income, you include your current monthly income from all sources.
If you plan to file for bankruptcy, taking some steps ahead of time can make your case go more smoothly. In some circumstances, moving your money to another account, stopping automatic payments, and making sure you are current on utility payments will ensure that your money is where you need it during