Bankruptcy Forms : Things You Need To Know

Filing bankruptcy is a complex procedure and no matter how knowledgeable you are regarding the various bankruptcy laws, it will always be prudent to hire a bankruptcy lawyer to help you with the bankruptcy proceedings in the court. Your bankruptcy attorney will ask you to fill out certain bankruptcy forms in order to establish your current standings.

What Do Bankruptcy Forms Include?

The various bankruptcy forms generally include the following.

•An extensive list of all the creditors
•The type of bankruptcy claim the debtor want to defend
•Complete details regarding the source and amount of the debtor’s income. You also have to give specific details whether the source of income is regular or irregular.
•Details regarding the property the debtor owns.
•Details regarding his or her monthly living expenses, such as utilities, taxes and expenses on medication and transportation

Things To Keep In Mind While filing And Submitting The Bankruptcy Forms

You will have to be very careful in filing these forms because if you miss a fact and want to add the same at a later stage, you will have to pay certain amount as amendment fee. What is more, it is also very important for you to discuss your specific bankruptcy case with your attorney in order to help your attorney understand which kind of bankruptcy will be the best possible option for you. For example, if you have filled a chapter 7 bankruptcy forms and now you want to convert it to chapter 13 bankruptcy, you must be ready to pay a substantial amount as conversion fee. It is not without reasons why honest people file for bankruptcy. They are in deep financial trouble and want to get out of the same. Therefore, it is important for you to understand the value of money at this tender stage. You do not want to make things worse for you. So be very careful and make sure that you have taken all the records and facts into consideration while filing out the bankruptcy forms.

Types Of Bankruptcy Forms

Following are some of the bankruptcy forms that you may need to fill and submit to the court. You do not need to worry much in this regard because your bankruptcy attorney will help you how and what to fill in which forms.

•Voluntary Petition for bankruptcy
•Involuntary Petition for bankruptcy
•List of Creditors Holding twenty Largest Unsecured Claims
•Summary of Schedules
◦Schedule A – this should include the record of Real Property
◦Schedule B – this should include the record of Personal Property
◦Schedule C – this should include the record of Property Claimed as Exempt
◦Schedule D – this should include the record of Creditors Holding Secured Claims
◦Schedule E – this should include the record of Creditors Holding Unsecured Priority Claims
◦Schedule F – this should include the record of Creditors Holding Unsecured Non-priority

Online Bankruptcy Forms

These days, you can now also access these bankruptcy forms on Internet. The online bankruptcy forms are available at The website has also provided extensive and comprehensive details regarding each bankruptcy form. Therefore, if you have certain queries and questions regarding these bankruptcy forms, you will find the website a great help.