How To File Chapter 13 How To File Chapter 13 Bankruptcy
Chapter 13 bankruptcy is a repayment plan for all your debts. It is away to reorganize what you owe, get lower interest rates and have 3 to 5 years to pay them back. The reason some people like to file this bankruptcy instead of chapter 7, is because you will get to keep your assets.
Step by step How To File for Chapter 13 bankruptcy
- You must attend a approved credit counseling class under the United State Trustee’s Office. You cannot do anything else until you get a certificate that says you have taken the class.
- File with court
- The certificate for the credit counseling class
- Federal tax return for previous year
- list of assets and liabilities
- current income and expenditures
- contracts of un-expired leases
- statement of financial affairs
- a debt repayment plan (this is what you will accomplish in credit counseling class)
- Evidence of payment from employers
- statement of monthly net income and any anticipate increase
- Record of any interest that you may have in federal or state qualified education or tuition accounts.
