Many people in Tennessee and throughout the country are currently experiencing financial problems. Some will be able to get their finances back on track by filing for bankruptcy. There are several types of consumer debt relief; while a specific program might fit a particular person’s needs, there is no one-size-fits-all when it comes to Chapter 7, Chapter 13 or other options. One issue that is common across all programs, however, is paperwork.
The more organized you are, the less stressful the process might be
Filing for bankruptcy can often provide financial protection to a consumer or company who has fallen upon tough times. The following list includes various documents that are typically needed in order to process a bankruptcy application:
- Personal identification, such as a valid driver’s license
- Vehicle registration and insurance information
- Income tax forms
- Current mortgage statements
- Proof of property value
- Bank statements
- Information regarding child support, alimony or property settlement in a divorce
It is possible to need one type of document to file for a specific type of bankruptcy that might not be needed for another, which is why it pays to research ahead of time in order to be well-prepared when submitting an application.
What to do if paperwork obstacles arise during bankruptcy process
Not having a required document as needed to apply for bankruptcy can cause delays. Even when a filer has produced all necessary paperwork, issues may arise that impede the process. In order to keep stress to a minimum when filing for Chapter 7, Chapter 13 or another type of bankruptcy, it is helpful to stay connected with an experienced bankruptcy law attorney from start to finish. The attorney can recommend options that best fit a particular need and can also be on hand to help overcome legal problems if they arise.