Filing bankruptcy can be a very confusing process. Hopefully, when you meet with an attorney he or she will be able to fully evaluate your case and ease your concerns. In order to get a full evaluation, it is important to give the attorney a complete snapshot of your current financial situation. The following items are important to bring to your initial bankruptcy consultation so that your attorney gets a good outlook on your situation.

 

1. Six months of bank statements

This would be from all accounts that you and/or your spouse have an ownership interest in. In addition you should bring bank statements for any business that you own.

2. Six months pay stubs from all employers

This is part of what your attorney will need to determine if you qualify for a Chapter 7 filing. Bring yours and your spouse’s even if your spouse is not filing. If you are self-employed then you need to bring six months worth of profit and loss statements.

 

3. List of monthly expenses

Do the best you can to itemize all of your monthly expenses. Consider everything that you spend money on from obvious things like rent and utilities to less obvious items such as cigarettes and clothing, for example. Try to be realistic in what you spend your money on regardless of how much or how little you wish you spent on a particular item. If your net income exceeds your monthly expenses yet you don’t have money left at the end of the month then you have probably underestimated or omitted expenses.

 

4. The name, address, account number and balance for all creditors

Make a list so your lawyer doesn’t have to waste time going through unopened bills. Attach a statement for each creditor to your itemization. It is helpful to attach a credit report if you have one. If there are any pending lawsuits bring the complaint. For any lawsuits that have resulted in judgments make bring a copy.

 

5. An itemization of all your assets

Make a list of all assets along with a fair market value. For household goods, you should list the “garage sale value”. If you have proof of the value of your home or motor vehicle, bring that as well. Don’t forget about retirement accounts as well as future interests such as personal injury claims, inheritances, property settlement agreements, etc

6. Tax returns

Bring your federal tax return with attachments for the last two years. If you have a business that is incorporated bring the business tax returns for the last two years as well.

mm
Written By
AttorneyFee
AttorneyFee provides the most accurate, up-to-date legal services’ cost information in existence. By making legal costs more transparent for consumers we are helping middle class Americans get access to justice and manage their legal expenses.
personal injury attorney fees

Personal Injury Case Worth

If you are considering filing a personal injury lawsuit regarding a car accident, slip and fall, or any other type of injury, you may be wondering, “What’s the point in my case?” The answer lies in “damages” stating what your injuries have done to you financially, physically and mentally and, in some cases, whether the […]

mm
Zeshan S. Ghumman
trust package

What Does it Cost to Create a Living Trust?

You can search for an article about living trusts on the web and find about a million of them. But finding any information about the approximate cost to create a living trust is tough. Trust Basics You should know that a living trust is a separate legal vehicle that you can create to manage your […]

mm
AttorneyFee
will vs living trust

Will versus Living Trust 

We’re going to talk about whether or not you should have a Will, or would it be better to have a Living Trust? And we’ll go through the details of both and compare and come to a conclusion at the end as to which one would be more beneficial for most people in most situations.  […]

mm
AttorneyFee