If you are reading this you are probably wondering how to fill out your New York Bankruptcy forms. Filling out bankruptcy forms can be one of the most difficult parts about filing for bankruptcy. It is important to understand that filing out these New York Bankruptcy forms is essential in order to get a bankruptcy discharge. These bankruptcy forms are extremely important and must be filled out correctly In order to not face any type of legal issues. Unfortunately these legalities can add major emotional stress to an already difficult situation. Especially if you have decided to go about filing on your own, without the help of a bankruptcy lawyer you may find yourself overwhelmed with trying to understand which bankruptcy forms are right for which chapter.
before deciding to fill out these bankruptcy forms it is important and I recommend you speak with a bankruptcy lawyer. If you accidentally fill these forms out incorrectly and leave out assets you own it may look like you are committing bankruptcy fraud. Which can then lead to the United States Trustees Office looking into your case. Even if you have listed all of your property correctly, you may not know how to use the New York bankruptcy exemptions. If you don’t know how to exempt property I. New York the trustee may take it from you and sell it. This is why it is extremely important that you speak with a Staten Island Bankruptcy lawyer prior to filling out your own bankruptcy forms.
If you are an individual who is filing for bankruptcy, most likely you will be filling out bankruptcy forms specifically dealing with either Chapter 7 or Chapter 13. Even as a business you may be filing for Chapter 7 or Chapter 13, although you may be filing for Chapter 11 as well. In any case, there are separate forms that need to be filled out with each particular chapter stating the intention to file bankruptcy under that chapter.
The individual or business may also have other special bankruptcy forms that go along with a particular chapter. For example, if the individual is filing for a complete liquidation, Chapter 7, forms for possible exemption of assets will need to be filled out if the debtor plans to keep any of their personal belongings.
Moreover, if the debtor has a vehicle they may have to fill out a reaffirmation agreement in order
to keep the vehicle. If you are unfamiliar with these terms it is extremely important to speak with a Staten Island bankruptcy lawyer.
Regardless of the type of bankruptcy case you are filing, a debtor’s bankruptcy petition will include a statement of petition, a list of creditors, personal income, personal property, and Declaration of penalty under perjury. These forms let the courts know the assets the debtor has available, the current available income, and the debtor’s knowledge that lying about finances will have legal consequences.
Further, once you fill out your bankruptcy forms this is just the beginning. It is important to note that each trustee has their own set of documents that they may require. Once your case is filed you will be assigned a trustee who will request additional paperwork showing proof of everything you listed in your petition.
Moreover, you will have to go to bankruptcy court. For many, this can be intimidating. At bankruptcy court you will sit in front of a bankruptcy trustee who will ask you questions under oath to ensure that what you listed on your petition is true. A good Staten Island Bankruptcy lawyer can help prepare you for the types of questions that you may be asked when you go to court.
Many of the needed forms you can find online through the courts website. Of course the availability of the forms does not necessarily mean that you will clearly understand which forms apply to you and how to fill them out. If you are confused speaking with an experienced Staten Island Bankruptcy lawyer may be your best option.
You can also try to call the bankruptcy court as well and see if anyone can help you fill out your New York bankruptcy forms. Unfortunately, the court system may be overwhelmed with other cases they feel are more important making it difficult to find answers to bankruptcy form questions.
Even if you don’t plan on hiring an attorney to handle the case for you, it may be worth the time and energy to consult them regarding the paperwork that goes along with the process.
Bonomo & Bonomo Attorneys At Law is a New York bankruptcy law firm that specializes in bankruptcy. Give them a call today to find out if Bankruptcy is the right option for you at 973-979-9078. You can also check out their website at bankruptcylawnynj.com.