Documents Required For Filing Bankruptcy in Fort Worth, TX

Dallas TX

25 April, 2021

4:48 PM

Description

When you file for bankruptcy, you will be required to provide documentation to give information about your financial situation. Let us take a look at the documents that you need to produce in bankruptcy court. Proof of Tax Filing You have to give proof of tax returns for the previous two years for a Chapter 7 Bankruptcy and the previous four years for a Chapter 13 Bankruptcy. If you don't have tax returns because you didn't have to file them, you will have to explain why you did not file the returns. Proof of Income If you are working somewhere as an employee, you need to give copies of pay stubs for a period of six months before filing the bankruptcy. You will also have to give your last two W-2s. If you have any other income like social security funds, rental properties, or disability, you will have to give proof of that income as well. If you are a business owner or self-employed, you will have to give a year-to-date profit and loss statement and the previous two years before filing for bankruptcy. You may be asked to provide bank statements to prove the profit and loss in some cases. Proof of Mortgage Statements If you own any property, you will have to give proof of the property's fair market value. You can get the evaluation of the property done online or give a broker's price opinion or full appraisal. You should also give mortgage statements that show current payment amounts and loan balances. In some cases, you may also be required to show the deed of trust and home insurance proof. Proof of Vehicle Registration, Value, and Insurance If you own a vehicle, you will have to give proof of its value. In the case of a car loan, you will have to give the most recent loan statement that shows how much you owe and your monthly payments. You may also be asked to give proof of registration and insurance. Retirement Account and Bank Account Statements The trustee will ask you to give documentation to show your retirement account and bank account statements. ID Proof When you go to your bankruptcy hearing with your trustee, you will have to give a valid photo ID like social security number or driver's license. Other Documentation If you need to pay child support or alimony, you will have to give documentation to prove this. Similarly, if you got divorced recently, you will have to give an order of marital settlement agreement that shows how the property is distributed between you and your spouse. It is important to know what kind of papers and proofs are required when you file for bankruptcy. While most documentation is the same for a Chapter 7 and Chapter 13 bankruptcy, there may be minute differences. Contact a bankruptcy attorney like Richard M. Weaver, Bankruptcy Attorney, to determine what kind of paperwork you need while filing for your bankruptcy. Richard Weaver Bankruptcy Attorney 5601 Airport Fwy Haltom City, TX 76117 (817) 422-5929 https://www.brightbankruptcy.com/fort-worth/