Bankruptcy Worksheet

Instructions

Please answer these questions carefully. The information you give us will be used to compile the schedules the Court requires to have your bankruptcy case approved. Your answers will determine what will be on your bankruptcy petition. Any errors, omissions or misrepresentations may seriously affect your discharge of debts.

Where space permits, answer the questions on this questionnaire. However, do not let the size of the space available determine the extent of your response. If additional space is necessary, use a separate sheet or the back of this form, identifying by number and letter the question answered. A question asking a date, or when something happened, can usually be answered with the month and year only. A question asking for an address must include the ZIP code, along with a complete street or post office box address.

There are many parts of the worksheet that will ask you to place a value on property that you own. Please use the following as a guideline for determining those values:

Personal Property & Household Goods: When filling out this part of the worksheet, use a value that is representative of what you could sell the item for in a quick sale. This is commonly referred to as the "garage sale price." Remember, it is not what the item is worth to you, but rather what that item would be worth to someone else. Cars should be valued by the N. A. D. A. Official Used Car Guide. We will look this up for you.

Real Property: When valuing real property, indicate the appraised tax value from your yearly property tax statement or, alternatively, base the value upon what similar properties in your area are bringing. Discount the value (if not using your tax appraisal) for a quick sale.

The instructions in this questionnaire should answer most questions you may have. In addition, we have tried to eliminate "legalese"--lawyer talk--by using clear and simple language. Where terms are used that we feel might be unfamiliar, we try to provide clear definitions. Nonetheless, if you find any questions unclear, please call, as accuracy at this stage is of utmost importance.

Remember, these questions must be answered fully and accurately. If you absolutely cannot remember, or find out, or guess with reasonable accuracy, answer "Unknown." The effort you expend now will help determine how quickly your bankruptcy can be filed and how complete your discharge will be.

Documents Needed

You need to bring the following documents to our office when you come in to go over your completed worksheet. It is very important that you bring these items with you.

1. Copies of any notes, Deeds of Trust and property tax statements on any real estate you own or are buying.
2. Copies of any notes or retail installment contracts from banks, credit unions, finance companies or other lenders. Also, any security agreements or other documents itemizing the collateral for the purchase of cars, furniture, mobile homes, or other personal property.
3. Current statements and bills from all creditors.
4. Tax returns for last 2 years.
5. Most recent pay stub from all current employers.
6. Proof of Insurance (binders, not liability cards) on all automobiles and real estate. Please attach the declaration page of the policies.
7. All legal documents pertaining to divorces or lawsuits which are pending or which have been finalized in the past 12 months.
8. Copies of all life insurance policies which have a cash value. You do not need to bring copies of term life policies.
9. All judgments.
10. All executory contracts; for instance, leases, contracts for sale or deed and lease-purchase contracts.

General Information Monthly Income Prior/Related Bankruptcy Real Property Assets Creditors Leases and Contracts Statement of Financial Affairs