We are often asked, “What information does a NJ bankruptcy lawyer need?” When answered, the response normally is, “Why so much?” The answer is simple – that is the information required by the Bankruptcy Court in New Jersey to properly identify whether your application will be approved.
Essentially, the NJ Bankruptcy Court needs to know how much money you make, what assets you own and how much you owe. Documentation is the name of the game so compiling the requesting papers will go a long way in securing a bankruptcy.
While it may seem a difficult task to compile these documents, the task becomes more manageable with a checklist:
- Proof of income for the previous six months prior to petition – this includes pay stubs, unemployment benefits or other benefits, and an accounting or any profit and losses from all businesses owned.
- Federal Income Tax returns from the last two (2) years.
- Most recent bank account statements for all your savings, checking and investment accounts.
- The most recent billing statements for each loan account or other debts such as medical bills, credit card statements, mortgage bills, car loans, and all of the most recent notices from credit agencies and or collection attorneys if any.
- Copies of your mortgage and/or auto loans.
- A copy of your state issued driver’s license.
- Your Social Security card or other proof of you social security number.
- If you are responsible for paying child support and/or alimony, the name and address of the person receiving the payments, the amount of the payments and the court order requiring payments be made.
- If you are receiving child support and/or alimony, the name and address of the person sending the payments, the amount of the payments and the court order requiring payments be made.
- Copies of any collection complaints, liens or garnishments.
- Any documents pertaining to any pending litigation or other claims such as personal injury or other claims.
- A certificate of pre-bankruptcy credit counseling from a certified credit counselor.
As you can see, all of the above paint a picture of your present financial situation. Providing these documents also allows your bankruptcy attorney in New Jersey to better assess your situation and identify any issues that need to be addressed PRIOR to filing with the Bankruptcy Court in New Jersey.