How do I declare bankruptcy?

Answer 1

Plan A - get help from a good bankruptcy attorney:
check for consumer board certified attorneys in your area at:
http://www.abcworld.org

Plan B - do it yourself - difficult but not impossible:

Get the necessary forms from any bankruptcy court's website. For example, in Los Angeles, www.cbca.uscourts.gov. c refers to central district, b refers to bankruptcy and ca refers to california.

Then, figure out if you must file 7 or 13 using form B22A.

Get credit counseling. You must have this before you file either under chapter 7 or chapter 13.

Then, complete the petition, schedules a-j, and the statement of financial affairs. Be sure that this information is all accurate since inaccuracies could lead to loss of discharge. Intentional errors could lead to prosecution. List all assets and all debts. List all pending contracts and all co-obligors, even if they are not filing bankruptcy with you.

You'll have to gather your tax returns and 6 months most recent paystubs since you must provide these to your trustee.

You'll have to file the papers at the bankruptcy court.

You'll have to determine if you want to reaffirm any secured debt or in the alternative, whether to surrender or redeem the collateral by paying the creditor a lump sum of what it's worth. Then you have to complete a statement of intention which you'll have to act on promptly after filing your case.

You'll have to show up at a meeting of creditors with the trustee and on a hearing about reaffirmation before the court if you decide to keep making payments on any secured debt.

And then, you'll have to take a financial planning course before you get your discharge.

If you must file a chapter 13 case because of the means test, you'll need to prepare a plan, file it, and begin making monthly payments to the chapter 13 trustee.

You can do it yourself, but then again, I suppose I can change my brakes by myself even though I'm not a mechanic.

In other words, get a good lawyer if you can.

Answer 2

If your debts are controlling your life, you might be thinking about declaring bankruptcy. But before taking any action, get informed about the different types of bankruptcies and their effects on your life.

The various types of bankruptcy are: Chapter 7, 11, 12 and 13. Depending on the type of debt, quantity of debt and your status whether person or a company; will decide the appropriate category for you.

Answer 3

A bankruptcy lawyer could help you a lot upon declaring bankruptcy. All you need to do is to declare everything your assets and liabilities.

Answer 4

Hire a bankruptcy lawyer. Only a bankruptcy lawyer can assist you with filing bankruptcy.

Filing bankrutpcy has nothing to do with a bank.

If you don't mind telling friends or family about wanting to file bankruptcy, perhaps they can refer you to a bankruptcy attorney.

Answer 5

Hire a bankruptcy attorney to file for you. You will have alot of paperwork to fill out, credit reports and lists of all creditors, etc.

Answer 6

Go see a bankruptcy lawyer!

Answer 7

Start by contacting a legitimate credit counselor, consumer credit counseling services is who i used. they can tell you ALL your options, including if bankruptcy is right for you. Your credit counselor can refer you to an attorney if needed.

Answer 8

Talk to the bank. It should be easy enough to set up an appointment with them to either discuss how things work or to actually go through with doing this, but talking to the bank is how you would get this done.

Answer 9

Ask...the...IRS...They just might have an answer for you and maybe even the proper paperwork, etc...