Our office continues to operate during our regular business hours, which are 8:30 am - 5:30 pm, Monday through Friday, but you can call the office 24 hours a day. We continue to follow all recommendations and requirements of the State of Emergency Stay at Home Order. Consultations are available via telephone or by video conference. The safety of our clients and employees is of the utmost importance and, therefore, in-person meetings are not available at this time except for emergencies or absolutely essential legal services.

What Documents Need To Be Gathered Before Filing For Bankruptcy?

Charlotte Bankruptcy attorney Bryan W. Stone answers the question: “Do I need an attorney to file bankruptcy?”


Lots of people considering filing for bankruptcy are curious about the mechanics of the process. A good way of taking some of the fear out of the unknown is to explain specific parts of the process, demystifying a somewhat confusing ordeal. One common question concerns the kinds of paperwork you will need to bring with you when you actually choose to file for bankruptcy protection.


Pile of paperwork Charlotte Bankruptcy Attorney North Carolina Chapter 7 LawyerAnyone who is preparing to file for bankruptcy needs to start gathering together the following information. It’s good to know that the same basic information is needed regardless of the kind of bankruptcy you intend to file, Chapter 7 or Chapter 13. Though the following are good general rules, the reality is that the specifics could change based on the exact requirements explained by your North Carolina bankruptcy attorney.


First of all, anyone filing for bankruptcy needs to bring copies of your most recent tax returns, the past two years at an absolute minimum. It’s possible that in some cases you will need to furnish additional years, but two years is a good starting point.


Another required document is something that proves your income for the period prior to filing for bankruptcy. This will likely include your last two W-2s, 1099s or other tax forms that show your yearly income or earnings. Additionally, paystubs for the past six months are often requested and are a good way of demonstrating that your income has remained the same since the last time you filed taxes.


If you own real estate, then you should also expect to provide copies of mortgage statements that detail your current loan balance, monthly payments, proof of insurance and other detailed loan information. Beyond this, you may also be required to bring in something that shows a recent valuation of your property, possibly an appraisal or even something less official like an online value estimate.


Those who own cars will need proof of insurance, registration and proof of value. If you owe money on your car be prepared with copies of your most recent loan statement and be sure the statement lists your total debt as well as your monthly payment.


Finally, any and all bank accounts, retirement accounts and other financial holdings will need to be documented. That means you need to gather recent statements and account information and be prepared to disclose the most recent balance of every account. That’s because in addition to your debts, the bankruptcy lawyers and trustees need to understand your assets to help put together a more complete financial picture.


If you find yourself needing the services of a Charlotte, North Carolina bankruptcy attorney, please call the skilled lawyers at Arnold & Smith, PLLC today at (704) 370-2828 or find more resources here. As professionals who are experienced in the bankruptcy arena, our attorneys will provide you with the best advice for your particular situation.


About The Author: 

Bryan 1  Bryan Stone is a Partner with Arnold & Smith, PLLC where he focuses his practice on all aspects of bankruptcy, including: Chapter 7, Chapter 11, Chapter 13, home loan modifications and landlord tenant issues.  Originally from Macon Georgia, Mr. Stone attended the University of Georgia for a BBA in Banking and Finance and went on to Wake Forest to earn his law degree.  After law school Mr. Stone relocated to Charlotte where he has become quite involved in many local organizations.  He is currently the Chair of “Bravo!” the young professionals organization of Opera Carolina, he also founded the UGA Alumni Association of Charlotte.  In his spare time he enjoys perfecting his BBQ skills for the annual “Q-City BBQ Championships” and playing softball with the Mecklenburg County Bar Softball League.


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