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Bankruptcy Claim Form

Once you decide that you should file for bankruptcy, there are some steps that you must take to make the bankruptcy final. A bankruptcy claim form must filled out and taken to the courts, and the form differs slightly from state to state, but here are some basic sections of the form that you should make sure are accurate.

First, you should make sure that you are filing out the bankruptcy form for the right chapter; the forms will differ slightly if you’re filing for Chapter 7 as opposed to Chapter 13. You should also make sure that you fill out the form with the most current address and debt information you have. You’ll need to know the date that your debt was incurred, or the date that a court judgment was obtained, so that you can send or present the proof of claim to the court as soon as possible in order to process your case.

The bankruptcy claim form will also include information about your income, so you’ll need to provide how much you make annually, or whether or not you are waiting on compensation for work you have already done. There are sections for secured and unsecured property claims on the bankruptcy claim form as well, so you may want to go over which items or property you have that are secured or unsecured with your attorney.

Getting bankruptcy help is much less challenging when you provide information that is accurate to the best of your knowledge, and when you are communicating with your lawyer and/or creditors to come up with the best solution(s) for your case. You’ll need to know exactly how much you owe in order to settle the case completely, and you may want to have an appraiser come in the assess the value of some of your items to see if you can sell them in order to have a substantial amount of money to pay debts off with.

Before you make the final decision to file for bankruptcy, or even after you have filed your claim, be sure that you have set up a budget for yourself that you know you can follow. Don’t spend money on things that are not necessities, and keep the lines of communication open with your creditors. Create a financial plan for yourself every week, so that you know how much money you can expect to spend within that time period; setting small goals for yourself that you know are attainable is one of the best ways to get back on track.