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Preparing Your Paperwork Before Bankruptcy

As you can probably guess when it comes to any court proceedings there is usually a ton of paper work involved, and bankruptcy is no exception. The paper work will vary depending on whether you are filing a Chapter 7 or Chapter 13 bankruptcy, but in either case there will be a great deal of it. Your Indiana bankruptcy lawyer will ensure that you are well advised of everything that you will need to produce, in order to fill out the required forms properly.

Organization Is Key

The first thing you are going to have to produce is a list of all your personal property. It is important that you think carefully about this, and you don't leave anything off the list. You need to include everything and this means listing things such as qualified tuition or education accounts, and even deposits that you have placed with any of the utility companies. Your legal counsel will advise you as to what your assets may consist of.

You will also have to provide information about any real estate you have. For example, your home, or vacation property. Then you will have to provide explicit details about all your creditors. Once you have all of the information gathered your lawyer is going to explain to you what may be exempted from your bankruptcy. You may even have to provide details concerning anyone who co-signed for you as your bankruptcy actions could have an effect on them. It is highly important that you provide all of the necessary documentation that is required and that it is accurate.

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