Featured

Required Documents & Information For Filing Chapter 7 & Chapter 13 Bankruptcy In NJ

 

If you are filing a Chapter 7 or Chapter 13 bankruptcy the debtor is required to submit the same documentation. The debtor is required to provide information and documentation to their attorney as listed below:

  • Both spouses and any others residing in a household must provide all pay stubs and proof of income for six months prior to the filing of a bankruptcy. The theory on this is simple. If an individual files on February 10, 2008, they must provide all pay stubs from August 1, 2007, through and including the last pay stub they received prior to the file date. The court will accept a computer printout of all income and deductions.
  • The debtor(s) must provide federal income tax returns for four years prior to the filing.
  • A copy of any child support or alimony court order.
  • Should the debtor(s) own any real estate, subsequently, there will need to be an appraisal, broker’s opinion, or comparative market analysis, which will reflect the fair market value of the property.
  • Certificate of Credit Counseling.
  • Current copy of the debtor(s) credit report.
  • Receipts which provide proof of living expenses to include food, clothing and utilities.
  • Photo driver’s license and social security card (alternative documentation to social security card is acceptable)
  • Recent bills from all creditors also to include mortgage and automobile financing statements.
  • A combined list of all assets and the value of each item listed. This will need to include any property, including, but not limited to the said listed: furniture, household goods, collectables, clothing, furs, jewelry, stocks, bonds, vehicles, interest in companies, investments, bank accounts, real estate and any right to a claim against someone for personal injury or money.
  • Make, model, year, miles and the condition of each vehicle.
  • Additional information must include the following: law suit information, any prior bankruptcy filings, any recent large payments to any creditors, business related documents, recent gifts to another, your intention on all of your property on whether you are keeping or surrendering your home or vehicle(s)
  • If ownership of a corporation or business is a factor, the court will require the following documents and records: six months of bank statements, six months of profit and loss statements, insurance documents, the last four years of tax returns, list of inventories, list of any shareholder and/or officer of corporation, dates of inventory purchased to include, from whom it was purchased, amount that was paid, current value, any amounts owed on all equipment, all financial records, to include loans outstanding, credit card bills, accounts payable, accounts receivable, etc.