HOW EASY IS IT TO FILE A BANKRUPCTY?
There are three tasks that you will have to perform, regardless of who prepares your bankruptcy petition. The first, and most difficult, is your financials. You will need to prepare a list of all your creditors, including their address, account numbers and amount owed. You will need a list of all your assets and their worth (market value). Finally, you will need your last three or four years of income tax returns and bank statements as well as your current credit score. The second task is you have to complete two classes in order to get your bankruptcy discharge: the first is a Credit Counseling class; the second is a Financial Mangement class from which you will need to provide your certificate of completion for your attorney to file with the Bankruptcy Court. Usually, these can be taken online and require about an hour for each course. Finally, you will have to attend, along with your attorney, a meeting with your creditors (the 341 meeting) which lasts about 20-30 minutes. That’s it
