____ at least 6 MONTHS OF WAGE & INCOME PAY STUBS.
____ Your most RECENT BANK STATEMENTS
____ Your Home and Car Insurance “Declarations” page.
____ You must tell us when you last used your credit cards.

____ If you have any debts assigned to you in a Divorce Judgment- we need a copy of the Divorce Judgment

For Persons who are considering filing Bankruptcy

Do NOT use your credit cards or run up more debt if you are even thinking of filing bankruptcy.
Do NOT make big payments on bills without seeking advice from a lawyer FIRST
Do NOT sell or give away anything without seeking advice from a lawyer FIRST
Do NOT cash out any accounts or retirement funds without seeking advice from a lawyer FIRST.
Do NOT get a second mortgage on your house to pay down credit card debt without getting advice from a lawyer FIRST.

NOTE: generally student loans, child & spousal support are non-dischargeable in bankruptcy. Some taxes may be dischargeable.
Seek legal advice about your particular case.
NOTICE: If you have a secured debt and you want to keep the property which secures that debt, YOU SHOULD KEEP MAKING YOUR PAYMENTS. For example, if you have a car loan or home mortgage and you want to keep your car and home you must keep making your payments to those particular creditors even though you want to file Chapter 7 bankruptcy.
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STATEMENT OF INFORMATION ABOUT BANKRUPTCY RELIEF

Pursuant to the bankruptcy Reform Act of 1994 the Office of the United States Trustee, United State Department of Justice has prepared this information sheet to help you understand some of the possible consequences of filing a bankruptcy petition under Chapter 7 of the
Bankruptcy Code. This information is intended to make you aware of
(1) the potential consequences of seeking a discharge in bankruptcy, including the effects on credit history;
(2) the effect of receiving a discharge of debts,
(3) the effect of reaffirming a debt; and
(4) your ability to file a petition under a different chapter of the Bankruptcy Code.
There are many other provisions of the Bankruptcy order that may affect your situation. This information sheet contains only general principles of law and is not a substitute for legal advice. If you have questions or need further information as to how the bankruptcy laws apply to your specific case, you should consult with your lawyer.

WHAT IS A DlSCHARGE?

The filing of a Chapter 7 petition is designed to result in a discharge of most of the debts you listed on your bankruptcy schedules. A discharge is a court order that says you do not have to repay your debts, but there are a number of exceptions. Debts which may not be discharged in your chapter 7 case include, for example, most taxes, child support, alimony, and student loans; court-ordered fines and restitution; debts obtained through fraud or deception; and personal injury debts caused by driving while intoxicated or taking drugs. Your discharge may be denied entirely if you for example, destroy or conceal property; destroy, conceal or falsify records; or make a false oath. Creditors cannot ask you to pay any debts which have been discharged. You can only receive a Chapter 7 discharge once every six-years.

WHAT ARE THE POTENTIAL EFFECTS OF A DISCHARGE?

The fact that you filed bankruptcy can appear on your credit report for as long as 10 years. Thus, filing a bankruptcy petition may affect your ability to obtain credit in the future. Also, you may not be excused from repaying any debts that were not listed on your bankruptcy schedules or that you incurred after you filed bankruptcy.

WHAT ARE THE EFFECTS OF REAFFRRMING A DEBT?

After you file your petition, a creditor may ask you to reaffirm a certain debt or you may seek to do so on your own. Reaffirming a debt means that you sign and file with the court a legally enforceable document, which states that you promise to repay all or a portion of the debt that may otherwise have been discharged in your bankruptcy case. Reaffirmation agreements must generally be filed with the court within 60 days after the first meeting of creditors,

Reaffirmation agreements are strictly voluntary. They are not required by the Bankruptcy Code or other state or federal law. You can voluntarily repay any debt instead of signing a reaffirmation agreement, but there may be valid reasons for wanting to reaffirm a particular debt.

Reaffirmation agreements must not impose an undue burden on you or your dependents and must be in your best interest. If you decide to sign a reaffirmation agreement, you may cancel it at any time before the court issues your discharge order or within sixty (60) days after the
reaffirmation agreement was filed with the court, whichever is later. If you reaffirm a debt and fail to make the payments required in the reaffirmation agreement, the creditor can take action against you to recover any property that was given as security for the loan and you may remain personally liable for any remaining debt.

OTHER BANKRUPTCY OPTIONS

You have a choice in deciding what chapter of the Bankruptcy Code will best suit your needs. Even if you have already filed for relief under chapter 7, you may be eligible to convert your case to a different chapter.

• Chapter 7 is the liquidation chapter of the Bankruptcy Code. Under chapter 7, a Trustee is appointed to collect and sell, if economically feasible, all property you own that is not exempt from these actions.

• Chapter 11 is the reorganization chapter most commonly used by businesses, but it is also available to individuals. Creditors vote on whether to accept or reject a plan, which also must be approved by the court. While the debtor normally remains in control of the assets, the court can )order the appointment of a trustee to take possession and control of the business.

• Chapter 12 offers bankruptcy relief to those who qualify as family farmers. Family farmers must propose a plan to repay their creditors over a three-to-five year period and it must be approved by the court. Plan payments are made through a chapter 12 trustee, who also monitors the debtors' farming Operations during the pendency of the plan.

• Finally, Chapter 13 generally permits individuals to keep their property by repaying creditors out of their future income. Each chapter 13 debtor writes a plan which must be approved by the bankruptcy count. The debtor must pay the chapter 13 trustee the amounts set forth in their plan debtors receive a discharge after they complete their chapter 13 repayment plan. Chapter 13 is only available to individuals with regular income whose debts do not exceed $100,000, -$250,OOO in unsecured debts and $750,000 in secured debts).