Bankruptcy Documents Needed to File

Basic Personal Information

When filing for bankruptcy, It’s essential to provide personal details about yourself like full name, social security number, etc. Furthermore, you’ll need to present valid photo identification, especially when meeting with the trustee.

Income Documentation

Typically, the court evaluates your income and debts to determine your eligibility for bankruptcy. You’ll need copies of pay stubs for six months before filing if you’re employed. Moreover, you’ll need to document other income sources like social security, disability, and annuity payments. Meanwhile, if you’re self-employed, you’ll need a profit and loss statement for at least two years. 

Tax Returns

You’re expected to provide copies of tax returns for the last 2 to 4 years when filing for bankruptcy. The bankruptcy trustee checks these documents to verify your income and financial transactions. You can speak with a bankruptcy attorney in Miami to know the essential ones.

Homes & Real Estate Assets

In bankruptcy, your home is the most critical asset. However, it may be exempted from bankruptcy depending on net equity and the state’s bankruptcy law. But then, you’ll need to present proof of home value. A copy of the deed, proof of insurance, and mortgage information are also required. A Miami bankruptcy lawyer can help you collate evidence of home value.

Bank Statements and Other Financial Records

Subsequently, you’ll have to show your retirement statements and bank account records during the filing process. This is needed to prove to the court that you cannot settle your bills and debts.

Vehicle Registration, Proof of Value, and Insurance

If you own a car, you need to provide proof of ownership. Likewise, if you have a car loan, you’ll need a statement revealing how much you owe and your monthly payment. Sometimes, you may have to present it alongside copies of registration and proof of insurance.

Credits and Debts

To file for bankruptcy, you must show evidence that you can’t pay your debts. Besides, you’ll have to give details about debts incurred and credits. Furthermore, the court needs to know who your creditors are and how much you owe them.

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