Filing for Chapter 7 bankruptcy can be an effective way to find relief from overwhelming debt. To start the process, certain documents are required to provide a comprehensive overview of your financial situation. At Juan C. Velasco, Esq., we assist New Jersey residents through the Chapter 7 bankruptcy process, helping them gather the necessary paperwork for a successful filing.

Key Documents Needed for Chapter 7 Bankruptcy in New Jersey

1. Proof of Income

• Pay Stubs: Recent pay stubs for at least the past six months.
• Tax Returns: Federal and state tax returns from the past two years.
• Income Records: Documentation of other income sources, like Social Security, pensions, or rental income.

1. List of Assets

• Bank Statements: Recent statements from all checking, savings, and investment accounts.
• Real Estate Documents: Deeds or mortgage statements for owned property.
• Vehicle Titles: Titles and loan statements for cars, boats, and other vehicles.
• Other Valuable Assets: Documentation for items like jewelry, collectibles, or retirement accounts.

1. List of Debts

• Credit Card Statements: Including balances owed to each creditor.
• Medical Bills: Documentation of any outstanding medical expenses.
• Loan Documents: Information on personal loans, student loans, and any secured debts.

1. Monthly Expense Records

• Proof of regular expenses such as rent or mortgage payments, utilities, food, transportation, and medical costs to help assess your financial obligations.

1. Credit Counseling Certificate

• A certificate from a court-approved credit counseling agency, which must be completed within 180 days before filing.

Why Work with Juan C. Velasco, Esq.?

The Chapter 7 filing process can be complex, but having the right documents prepared can help streamline the experience. At Juan C. Velasco, Esq., we guide New Jersey residents through each step, ensuring they have all required paperwork in place for a smooth filing.

If you’re considering Chapter 7 bankruptcy in New Jersey, contact Juan C. Velasco, Esq. today for dedicated support in your journey toward financial stability.