How to Bankruptcy: 5 Types of Info to Gather Before Filing Bankruptcy in NJ

If you are planning to file bankruptcy in NJ and will be using bankruptcy lawyers in NJ, there are several things you can do to prepare for your initial consultation.

One of the most important things you can do prior to filing for bankruptcy in NJ is to collect certain types of information. This will save you time and stress and help your attorney expeditiously file your petition.

You will want to document or gather the following:

1. Mortgage(s) – Determine what your current appraisal value is as well as your pay-off amount, determine the mortgagors information, and determine what your monthly payments are and how many payments you are behind, if applicable;
2. Vehicle(s) – Ascertain the market value of all your vehicles, and if financed or leased, collect the lenders information and the pay-off amount;
3. Personal Property – make a list and place a value on your collective furniture and furnishings, collective clothing and apparel, collective jewelry, cash on hand, balance in checking and savings accounts, and any pensions plans;
4. List of Unsecured Creditors – Collect the addresses of all your unsecured creditors (i.e., credit cards, medical bills, personal loans, cash advances) and how much you owe;
5. Pay Stubs – Obtain pay stubs or proof of income for the 6 months prior to filing; 3 months of Bank statements and a last year tax return.

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