Process for filing Bankruptcy

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Process for filing bankruptcy

• Tel [phone],?718-509-6542
• ?914-380-4209, 914-481-3450
• www.johncranebankruptcy.com

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Process for filing Bankruptcy

• What is Bankruptcy?
• Bankruptcy is the legal procedure that a person
  undergoes when he is unable to pay back his
  debts. It is a legal process that establishes
  that a person is no longer able to pay back his
  debts as promised.
• The result is that once the bankruptcy is
  discharged his creditors loose legal rights to
  try and recover the money or file a lawsuit in
  court regarding their claim. So, Bankruptcy is
  the best option to eventually help you get back
  on your feet.

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Filing bankruptcy starts with gathering
information

• First of all you should document all of your
  income for the past several months. This would
  include any tax refunds, dividends, paychecks,
  gifts, annuities, and interest.

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• This is meant to help calculate the reasons why
  you are filing bankruptcy. Your amount of income
  will help to determine what chapter of bankruptcy
  that you can file for.

5
Gather a list of your possessions and assets

• This will include any mortgages, cars, jewelry,
  valuable household goods, clothing, stocks or
  bonds, bank accounts, checking, savings, cash,
  CDs, retirement accounts, and anything else that
  might have value.
• This helps the state determine what can be saved
  and sold at auctions to help pay off your debt.

6
Get a list of your debts

• Debts include credit cards, loans, settlements,
  house payments, etc.
• After collecting all the above information you
  are ready to file a petition.

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Hire an experienced Bankruptcy lawyer

• Bankruptcy law is very complex to understand. But
  with the right kind of attorneys to represent you
  in court, it will not be tough or stressful.
• If you directly handle the case without having
  any legal knowledge, you could lose the assets
  you are trying to protect. So, it is always good
  to hire an experienced Bankruptcy lawyer for the
  successful completion of the job.

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• Contact us
• John M. Crane, P.C.
• Bankruptcy attorney, White Plains, Manhattan
• ?Tel [phone]
• ?914-380-4209, 914-481-3450
• www.johncranebankruptcy.com