How chapter 7 works
A chapter 7 case begins with the debtor filing a petition with the bankruptcy court serving the area
where the individual lives or where the business debtor is organized or has its principal place of
business or principal assets.
(3) In...
More
How chapter 7 works
A chapter 7 case begins with the debtor filing a petition with the bankruptcy court serving the area
where the individual lives or where the business debtor is organized or has its principal place of
business or principal assets.
(3) In addition to the petition, the debtor must also file with the court: (1)
schedules of assets and liabilities; (2) a schedule of current income and expenditures; (3) a statement
of financial affairs; and (4) a schedule of executory contracts and unexpired leases.
Fed.
R.
Bankr.
P.
1007(b).
Debtors must also provide the assigned case trustee with a copy of the tax return or
transcripts for the most recent tax year as well as tax returns filed during the case (including tax
returns for prior years that had not been filed when the case began).
11 U.
S.
C.
§ 521.
Individual debtors with primarily consumer debts have additional document filing requirements.
They must file: a certificate of credit counseling and a copy of any debt
Less