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 The bankruptcy petition is the actual document that is filed with the bankruptcy court.  This petition is a document that lists the assets, liabilities and creditors for the debtor.  Not only will it lose those things but it will also list a summary of a statement of their financial affairs as well as any personal property, their current monthly income and their current monthly expenses as well.

Round Lake bankruptcy attorney David Siegel states that in addition to pre-filing requirements, there are also post-filing requirements.  One requirement is that the debtor must take a second credit counseling class which is called the personal financial management instructions course.  This class can be taken at the trustee’s office in a Chapter 13 or in a Chapter 7; it can be taken through an online class, a class over the telephone or through a DVD.  Again, it depends on what the debtor is doing but it can be a double fee for the second class.  However, in a Chapter 13, it’s

 According to Plainfield bankruptcy lawyer David Siegel, prior to filing your Chapter 7 or a Chapter 13 bankruptcy, there are several things that the person must do.  The first thing the person must do is give their attorney a statement of income through pay stubs and pay advices.  The amounts of the pay advices should be two months to six months depending on the situation.  This is important because the attorney and the trustee will require some kind of verification of their income.  If the income is not through wages and the person does not have paychecks or pay stubs due to any number of

As per North Chicago bankruptcy attorney David Siegel, not every debt that you are going to list on a Chapter 7 bankruptcy petition is going to be dischargeable or eliminated.  Now, it is true that the overwhelming majority of debts such as medical bills, credit card bills, personal loans, utility bills, rental obligations in the past and things like that are going to be eliminated in the Chapter 7 bankruptcy because they are typically unsecured debts.  However, there are some other debts that are unsecured that are not eliminated such as student loans, recent taxes, parking tickets, child

What should you look for in a Waukegan bankruptcy attorney?  The first thing you should look for in a bankruptcy attorney is the requisite knowledge, experience and ability to handle a Chapter 7 or Chapter 13 bankruptcy case from start to finish.  You want to investigate that attorney, you want to do some research, and you want to do some background information.  Make sure the person that you are hiring can handle your case from start to finish.