7 Financial Figures You Need for Bankruptcy

 

When a person is considering bankruptcy, they need to prepare for the proceedings by collecting as much information about their finances as possible. This information is not only a basic requirement for bankrupt debtors preparing to file with a bankruptcy court, but it is also helpful in getting a clear picture of debt obligations and necessary expenses.

If you’re looking for a solution to your debt troubles, bankruptcy may be right for you. To learn more about your options as a debtor, contact the Birmingham bankruptcy lawyers of Greenway Bankruptcy Law, LLC, by calling (205) 324-4000.

Documents and Figures You Will Need to File

The court requires the correct and complete submission of the following figures and documents:

  • Income

  • Assets

  • Expenditures

  • Loans and obligations

  • Unexpired leases

  • Contracts

  • Tax returns

 

A debtor also needs to take the time to prepare a general report for their financial state. This report is a regular form provided by the government that gives a full account of debt obligations and debtor income. This financial affairs report gives a clear, concise picture of the debtor’s financial situation for the court to assess.

Contact Us

If you are tired of fighting creditors and collection agencies and need a foothold for a fresh future, our experienced advocates may be able to assist you. For more information regarding your legal options if you cannot handle your debt obligations any more, contact the Birmingham bankruptcy attorneys of Greenway Bankruptcy Law, LLC, at (205) 324-4000 today.

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