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Posted by: Maricopa Lawyers on May 25, 2016

Filing for bankruptcy can be overwhelming, especially with all the paperwork that goes along with it. You’re expect to disclose a lot of personal information, so it’s always best to have an understand of why this information is important. This article will explain what documents you need in to get ready order to file for bankruptcy and why they’re required.

You need your tax returns when filing for bankruptcy

Typically, you will need to provide copies of your tax returns or transcripts from the past two years when filing for bankruptcy. If you have not filed a tax return you will need a valid reason as to why you did not file your taxes. Some trustees will require that you file your taxes before you file for bankruptcy.

You will need documentation of your income when filing for bankruptcy

You will need pay stubs over a six-month period if you are an employee, as well as your last two W-2’s. If you are self-employed, you will need a profile and a loss statement from the 6 months prior to filing for bankruptcy, as well as bank statements to verify. You will also need to show proof of all other incomes.

You will need documentation of the real estate you own when filing for bankruptcy

You will need to provide the value of any property you own, mortgage statements showing current loan balances, deeds of trust, and proof of home insurance when you file for bankruptcy. The value of your home can come from an online evaluation, a broker or a full appraisal.

You will need documentation of your vehicles when filing for bankruptcy

You will need to provide copies of your vehicle registration, proof of insurance and the value of your vehicle. If you have a loan you will need to provide a recent loan statement.

You will need to provide valid identification when filing for bankruptcy

At your hearing your trustee will require you to provide valid identification like a driver’s license and your social security card.

If you are considering bankruptcy or would like help in a bankruptcy, contact our lawyers here.