Oklahoma Bankruptcy HelpWhat Documents Do I Need To File Chapter 7 In Tulsa OK?
The U.S. Bankruptcy Code is difficult to understand, so a common question regards what documents are needed to file Chapter 7 in Tulsa OK. The truth is, many documents must be copied in order to file bankruptcy in Oklahoma. Also, a number of forms must be filled out precisely in order for you to qualify for bankruptcy protection. Thus, most people are best served by hiring a qualified Tulsa bankruptcy attorney to help them complete the process correctly.
Let’s outline the general documents you need to file Chapter 7 in Tulsa OK.
Credit Counseling Is Required To File Chapter 7 In Tulsa OK
You must complete a credit counseling session with a government-approved provider before declaring bankruptcy. You will receive a certificate proving that you completed this requirement; keep the original and make copies.
Keep in mind that you cannot even file bankruptcy paperwork before completing this requirement; there are no exceptions. The good news is the session can be completed online, over the phone, or in person.
In addition, you must complete a second credit counseling session before receiving an official bankruptcy discharge. Keep the original and make copies as well. Once again, the session can be completed through a variety of mediums.
Tax Returns
You cannot file Chapter 7 in Tulsa OK or anywhere else if you have not filed your tax returns for the last four years, warns the Internal Revenue Service (IRS).
Get copies of these or contact the IRS for copies of tax transcripts if you cannot find your tax returns.
If you did not earn enough money to file taxes, you should still provide copies of documents that prove your financial situation. Examples include W2s, 1099s, and the like.
Credit Information
Getting a copy of your credit report is vital before you file for bankruptcy in Oklahoma. The good news is you can do this for free via the government-approved www.annualcreditreport.com website.
Do not use other sites, especially if they require a credit or debit card number. At best, the information could be inaccurate or outdated; at worst, you could be charged money for credit monitoring services.
Gather or get copies of all of your credit card and loan statements, medical bills, utility bills, cable bills, telephone bills, and collection letters.
Identification Documents
Make at least one copy of your driver’s license and Social Security card. If you are in a legal separation or divorced, copies of supporting documents will also be helpful.
Paycheck Stubs
If you are employed or have been recently employed, you need at least six months of paycheck stubs to file bankruptcy. If you are a business owner, self-employed, or receive government or private benefits (e.g., alimony), then find documents that can prove this aspect of your financial situation.
Financial Statements
In addition to at least six months of bank statements, you also need the statements of any other financial accounts in your name. These include, but are not limited to, the following:
- Balances of investment accounts (e.g., stocks, bonds, and mutual funds).
- Information about your retirement accounts (e.g., 401(k)s and IRAs).
- A list of personal property you own, such as jewelry, furniture, and the like.
- Home mortgage and car loan balances as well as statements, if these apply to your situation.
- You may have deeds to residential and business property; you need these as well.
- The estimated value of any vehicles, land, houses, or other similar property held in your name.
- If any of your property such as a car or single-family home needs repairs, photographs of the work needed as well as any repair estimates are helpful.
Low-cost Bankruptcy Planning: Tulsa Bankruptcy Lawyer
To get the best possible outcome in your case, you will need to set expectations for yourself and also understand your attorney’s expectations of you.
To receive your low-cost initial bankruptcy analysis, call Financial Freedom Bankruptcy Lawyers of Tulsa today at 918-786-9600.
