How do we file bankruptcy, and why do we need a bankruptcy lawyer?
Jan Meriss Alfonso Assistant at Ascent Law LLC How Do We File Bankruptcy? When filing for bankruptcy, you'll need to gather financial records and submit a petition, schedules, and statement of financial affairs. You can download these forms for free from the U.S. Courts' website. The Chapter 7 bankruptcy forms include a voluntary petition for relief, schedules of assets and debts, and a statement of financial affairs. The next step in the bankruptcy process is to file a discharge petition. This is a formal written statement that gives the key information in your legal case. It must describe the events that led to your filing for bankruptcy and your current financial situation. You'll need to have sworn your statement before a notary public or commissioner of oaths. This affidavit must be supported by evidence that supports your application. While bankruptcy can be a scary thought, there are many benefits to filing for bankruptcy. It will eliminate certain debts and help y...