Bankruptcy: Bankruptcy Forms

Bankruptcy Forms

Below is a list of some helpful forms and worksheets that you can fill out before your meeting with Heller & Thyen for Bankruptcy consultation. Please download the appropriate documents, fill them out as best you can, and have them ready for your visit.

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There are certain debts that a Chapter 7 Bankruptcy does not allow you to discharge. Some of these debts include:

1. Recent taxes
2. Student loan debt
3. Child support obligations
4. Spousal support obligations
5. Debts not listed in the Chapter 7 Petition
6. Credit that was obtained from fraud
7. Debts with co-debtors – your co-signer will be liable for the full amount of the debt unless they also file bankruptcy

If you are behind on your mortgage payment or car loan, a Chapter 7 will not bring you current. However, there may be other options available to you., like Chapter 13.

It is also important to keep in mind that a Chapter 7 Bankruptcy may not protect all of your assets. If you own multiple homes with a lot of equity in them or other valuable assets such as boats or vehicles without loans against them, the bankruptcy trustee will either sell the item and use the proceeds to pay some of your creditors, or negotiate with you to receive the cash equivalent of the asset. We can help you negotiate with the trustee if this situation arises.

If you find yourself in this type of situation, where you have unprotected assets that you want to keep, it may be better to do some pre-bankruptcy planning or look into a Chapter 13 payment plan.

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Brian

“Heller and Thyen were very informative in helping me decide what type of bankruptcy to file and how the process works. I will recommend them to anyone who needs financial help.”
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