List garage sale values for all property you or your spouse own, (even of your spouse is not filing). You must disclose ALL of your property in a bankruptcy proceeding. List everything, even if you think it doesn’t apply/doesn’t matter.
List below your MONTHLY NET TAKE-HOME income from all sources (self-employment, extra jobs, social security, unemployment, pensions, alimony, gov’t assistance, etc.). List income from your spouse, even if your spouse does not intend to join the bankruptcy filing.
In bankruptcy, the law requires that you list every debt, and even potential debts, regardless of your intention to repay the debt. List debts of your spouse, even if he or she is not filing bankruptcy.
(Debts that if you don’t pay, the creditor can foreclose or repossess)
(Student Loans, Credit Cards, Dept store cards, Gas cards, Repo’s, Judgments, Personal Loans, Utilities, Phone Bills, Payday loans, PawnShops, etc.)IT IS OK IF YOU DO NOT KNOW EXACT AMOUNTS; LIST AN ESTIMATEPlease list ALL of your creditors - It is VERY IMPORTANT that you list ALL of your creditors.If ANY of your debts have co-debtors or if somebody else may be liable for the debt, please indicate that on each loan in the appropriate field.
Congress has made it clear that it does not trust that anyone can use the bankruptcy process without the necessity of lots of disclaimers and warnings. Some of these documents overload you with information - they should be given at later stages in the process, but in 2005 the credit card and banking industry wanted to make bankruptcy so complicated that people would not file bankruptcy, Congress drafted a law that front-loads far too much information on someone just trying to gain basic information, stop harassment by creditors and collection companies. It has always been my belief that my job as an attorney is to educate my clients so that they make good decisions based on knowledge and facts not half truths and rumors.Prior to this 2005 law I had always given all this information to my clients - but over a period of several meetings, not all at one time. Therefore, in order for me to comply with Congress's mandate, please read and sign the documents set forth below. Thank you for your patience and understanding.
The following notices are required pursuant to 527(a)(2). By signing below you acknowledge that
1) You understand that all information that you are required to provide to complete any documents filed with the Bankruptcy Court must be complete, accurate and truthful;2) That you will fully and completely disclose all assets and all liabilities in the documents filed with the Bankruptcy Court.3) That the value of each secured personal property asset is the replacement value ("the price a retail merchant would charge for property of that kind considering the age and condition of the property at the time the value is determined.").4) Current Monthly income, the amounts specified in Section 707(b)(2), and, in a case under Chapter 13, disposable income (determined in accordance with Section 707(b)(2)) are required to be stated after reasonable inquiry.5) That you have fully disclosed all sources of income on any documents filed with this court.6) That you understand that any information set forth either in the documents filed with the Bankruptcy Court, or testified to under oath may be audited and that failure to provide accurate information may result in the dismissal of your bankruptcy case or other sanctions, including criminal sanctions.7) You agree that an electronic signature shall be sufficient to indicate agreement to these notices.
I have reviewed and understood the above disclosures. Signed: *REQUIRED*
Have some questions first? You can always reach out here,
or email me directly at Kmoskowitzlaw@gmail.com