Filing For Chapter 13 Bankruptcy

As always, the process begins with the filing of a petition with the bankruptcy court in the area where you have a domicile or residence. If you live near Detroit, you would use Michigan bankruptcy lawyers to handle your petition. Right after filing your petition, you must also file the following.

• A schedule of assets and liabilities;
• A schedule of current income and expenses;
• A schedule of any contracts and unexpired leases you may have; and
• A personal financial statement;
• Since the revised law went into effect (October 2005), you must also file a “certificate of credit counseling”;
A copy of your debt repayment plan (now created through the credit counseling process); and
• Evidence of your current monthly net income.

The trustee, appointed by the court, will also most certainly ask you to provide your most recent federal income tax return to further verify your income/expense situation. Also, don’t forget your filing fees, around $275, necessary when filing a Chapter 13 petition.