How To File Bankruptcy
Introduction to How to File Bankruptcy
Filing
online bankruptcy can be easy or very difficult depending on how you
go about doing it. First of all the term personal bankruptcy refers to a chapter 7 or chapter 13 bankruptcy
where the debtor is a real person and not a corporation or business
entity. You can file personal bankruptcy as single individual
or you can file bankruptcy u7 jointly as a married couple.
Filing Personal bankruptcy is also
marked by the fact that the debts being filed on are
consumer obligations such as credit cards, loans, personal loans, medical bills
and more.
When you file a personal bankruptcy you file a bankruptcy petition
together with schedules A through J and other bankruptcy information
forms. Under the
new bankruptcy law
passed in
2005, you also need to pass a bankruptcy means test.
Forms Needed To File Chapter 7 Bankruptcy
Here is a list of bankruptcy forms required for filing chapter 7
bankruptcy:
- Voluntary Petition
- Summary of Schedules
- Schedule A - Real Property
- Schedule B - Personal Property
- Schedule C - Property Claimed As Exempt
- Schedule D - Creditors Holding Secured Claims
- Schedule E - Creditors Holding Unsecured Priority Claims
- Schedule F - Creditors Holding Unsecured Nonpriority Claims
- Schedule G - Executory Contracts and Unexpired Leases
- Schedule H - Codebtors
- Schedule I - Current Income of Individual Debtor(s)
- Schedule J- Current Expenditures of Individual Debtor(s)
- Declaration Concerning Debtor's Schedules
- Statement of Financial Affairs
- Means Test
- Debtor's Statement of Intention
- Statement of Social Security Number
- Creditor Mailing Matrix
- Creditor List Formatted for Diskette
- Court Fee Waiver
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To File for Bankruptcy and The Bankruptcy Means Test
The means test is necessary when you
file personal bankruptcy where the
entity filing is a natural person. It is to find out if you
qualify under the new BAPCPA law which tries to prevent
abusive bankruptcy filing. The truth is that the new
bankruptcy
law favors the big credit card companies and was drafted by
their lobbyists. In any
case, if you pass the chapter 7 bankruptcy means test you
qualify to file bankruptcy c7. This is important in
chapter 7 bankruptcy filing.
Preparing to File Chapter 7 Bankruptcy Online
To prepare to
file the personal bankruptcy forms needed for
filing a chapter
7 bankruptcy is a daunting task. For one, the hours needed to put
together the 6 to 8 pages of the
personal bankruptcy means test
form alone can be
compared to that need to prepare 2 or 3
personal
bankruptcies under the old code.
In addition to that, the new bankruptcy law has caused a typical
personal bankruptcy
forms set to balloon from about 70 pages. Under the old chapter
7
bankruptcy law it was only about 30 pages. You need all the 70
or so pages to file bankruptcy u7.
In the past, many people worked away at their own
personal
bankruptcy filing inch by inch, month after month, but
with the new personal bankruptcy laws, that is no more. Now you must have
your online bankruptcy forms prepared by a full-service company such
as ours.
Because of the challenges of the new law, many bankruptcy lawyers
have increased their prices to make filing bankruptcy worth their while. Some of
them have even given up bankruptcy filing altogether. This is tough
for those who have to file bankruptcy u7 and cannot afford the high
attorney fee.
In a conversation the other day, one of
the lowest
priced personal bankruptcy filing lawyers in Austin confirmed that they
had raised their price from $595 to $1595 because of the increased
forms.
None of this is a problem for you because we take all the hassle
of preparing the paperwork on ourselves.
You fill out our simple online questionnaire and we the paperwork done so that all you do is sign your name
and file.
"We will prepare all your bankruptcy forms
online so that all you do is sign and file!"
That is really all there is to it. There
is no hype, no gimmicks and no hidden fees. Most importantly, we do
not sell you some software and ask you to do it yourself.
If you want more information on our
services other than this short summary, then read on, otherwise go
straight to the order page and sign up.
What is The Crazy
Guarantee?
Why is It so radical? Why is there
nothing like it anywhere else?
Click here for
more details on Chapter 7 - You can click here for detailed information
on what we will do for you and to find out exactly what the
crazy guarantee is.
---- or-----
Click here to
sign up for Chapter 7 - If you have familiarized yourself with this site
and are ready to get started, then click here to sign up.
Click below for chapter 13
State Specific Bankruptcy Filing Resources
As we mentioned earlier, there are state specific
bankruptcy exemptions that you must be aware of. Since the largest states are
California, Texas and Florida, you will find these bankruptcy exemption sites
useful.
California bankruptcies are marked by their use of two separate bankruptcy
exemption schemes, System 1 and System 2. If you are filing in bankruptcy in
California, do not fail to examine the differences.
Texas bankruptcies filings are know for their robust
Texas
bankruptcy Exemptions. They have the most generous bankruptcy exemptions for
chapter 7 bankruptcy filing. Bankruptcy exemptions are particularly pertinent to
personal bankruptcy filing.
Florida bankruptcy filing is perhaps that largest contributor to bankruptcy
filing in the United States. Florida bankruptcies have good exemptions like
Texas and California bankruptcies. If you live in some of the other large states
then topics such as
bankruptcy in New York, figuring out the rules for personal
bankruptcy filing in Illinois, dealing with
online bankruptcies in Ohio and
Pennsylvania bankruptcy will be of interest.
Additional Bankruptcy Filing Resources
If you decide to shop around first then additional reading can be
found as follows. Bridgeport bankruptcy discuses
filing bankruptcy as well as the intricacies of
personal bankruptcy filing and the pros and cons of
filing online bankruptcy in the areas of
chapter 7 bankruptcy. Comparison of
attorney bankruptcies is covered too. This effort hopefully will
end up helping you to get the
best bankruptcy forms possible.
USA bankruptcy software provides
additional reading in the areas of
filing bankruptcy online, as wells what every debtor must know
to file chapter 7 bankruptcy can also be of benefit. It also
helps to fully understand the options available for filing a
personal bankruptcy particularly if you need a
chapter 7 bankruptcy. There are those who in spite of what we
offer still want to examine the
online bankruptcy software option and that too is a beneficial
endeavor. After visiting all of these other resources, return to us
to prepare your
official bankruptcy forms.
DebtorAid.com explores some of these same areas,
namely, using
bankruptcy software for
online bankruptcy
filing. It also compares the role of
bankruptcy
attorneys with that of full-service companies who prepare
bankruptcy forms
for US
personal bankruptcy filing.
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