What information is needed to file a Chapter 7 Petition?
A Chapter 7 petition requires a broad variety of information about the petitioner’s financial status. A complete list of the names and addresses of all creditors, along with account numbers where applicable, will be required. If collection agencies are involved, information about the original creditor still must be included. Debts are listed in various categories called ‘schedules” on the petition: unsecured claims (credit cards, medical bills, certain loans); secured claims (mortgages, liens, security interests, judgments); unsecured priority claims (including alimony and taxes); unexpired contracts and leases (apartment leases, car leases, and other contracts still in the process of being performed). A prospective Chapter 7 petitioner must also prepare a list of his ownership interest in real estate. Information must be provided about the location of the property, the nature of the interest involved (sole ownership, co-ownership, etc.), the amount of any secured claims such as mortga
