What documents do I need to file for Chapter 7 Bankruptcy?
In Iowa, the documents needed to file for Chapter 7 Bankruptcy are as follows: 1. An original petition, which includes a statement of financial affairs, along with a filing fee. 2. Schedules of assets and liabilities. This includes a list of all your property, debts, and other financial information. 3. A Means Test–which is an additional form that must be filled out based on your current income and expenses. 4. A Statement of Intention–which is a document outlining how you intend to handle secured debts, such as mortgages and auto loans. 5. A certificate of credit counseling, which is proof that you went through credit counseling. 6. Income tax returns from the last two years. 7. A statement of current monthly income and any calculations involving mortgage or rental payments, as well as any other living expenses you have. 8. Proof of payment from employers, if you are employed. You may also need to provide additional forms and documents depending on your individual situation. These documents must all be filed with the court and provided to the court-appointed trustee in the bankruptcy case. Once all the required documents have been filed, a hearing will be held to determine if the petition was filed correctly and if the court will grant the request for bankruptcy.
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