Preparing for bankruptcy. Required Documents
Sources of income: You must document all sources of your income for the seven calendar months prior to the month the bankruptcy case is filed. If you file in July, you will need all your paystubs from January 1st through...
What does the bankruptcy trustee do with funds in an asset case?
Some cases result in the surrender or liquidation of non-exempt assets. There are known as asset cases. In an asset case, the trustee sends notice to creditors advising them that they must file a claim by a certain deadline. In...
Chapter 13 Confirmation Hearing
After a debtor files for chapter 13 bankruptcy, the court schedules a confirmation hearing. If there are no objections to the debtor’s proposed chapter 13 repayment plan, the court will vacate the hearing and confirm the chapter 13 plan without...
Will I lose my home if I file bankruptcy?
What happens to your home when you file bankruptcy depends on how much equity you have in the home and which chapter of bankruptcy you file. In a chapter 7 bankruptcy, your home is at risk of being liquidated if...