Filing for Chapter 7 bankruptcy can provide a fresh financial start by discharging unsecured debts like credit card balances and medical bills. However, the process requires thorough documentation to ensure eligibility and compliance with bankruptcy laws.

At Law Offices of Andrew F. McKenna, P.C., we provide legal assistance to the Colorado public, helping individuals navigate the complexities of Chapter 7 bankruptcy with confidence and clarity.

Essential Documents for Chapter 7 Bankruptcy Filing

To file for Chapter 7 bankruptcy in Colorado, you must gather and submit a variety of documents to the bankruptcy court. These documents provide a detailed overview of your financial situation, enabling the court to evaluate your case.

Here’s what you’ll need:

1. Personal Identification Documents

• Government-issued photo ID (e.g., driver’s license or passport).
• Social Security card or other proof of Social Security number.

2. Income Information

• Pay stubs or proof of income for the past 6 months.
• Income tax returns for the last 2 years.
• Documentation of any additional income sources, such as rental income, child support, or alimony.

3. Bank Statements

• Statements from all checking, savings, and other financial accounts for the past 3 to 6 months.

4. Asset Information

• Deeds, titles, or appraisals for real estate you own.
• Vehicle titles and loan payoff amounts.
• Retirement account statements, including 401(k), IRA, or pension plans.
• Recent appraisals or valuations for personal property such as jewelry, electronics, or collectibles.

5. Debt Information

• Copies of credit card statements, medical bills, and any other outstanding debts.
• Loan agreements, including auto loans and mortgages.
• Collection agency letters or notices of legal action related to your debts.

6. Living Expenses

• A detailed list of monthly living expenses, such as rent or mortgage payments, utilities, food, transportation, and insurance.

7. Legal and Financial History

• Any court judgments or liens against you.
• Copies of any prior bankruptcy filings (if applicable).

8. Credit Counseling Certificate

• Proof of completion of a credit counseling course from an approved provider, as required by federal bankruptcy law.

9. Statement of Financial Affairs

• A summary of recent financial transactions, including transfers of property or large expenses within the past 2 years.

10. Means Test Documentation

• Information needed to complete the bankruptcy means test, which determines your eligibility for Chapter 7. This includes household size, income, and necessary expenses.

Why Accurate Documentation Matters

The bankruptcy court relies on your documentation to:

• Determine your eligibility for Chapter 7 bankruptcy.
• Assess which debts can be discharged.
• Ensure transparency and compliance with legal requirements.

Failing to provide complete or accurate information can result in delays, additional scrutiny, or even dismissal of your case.

How Law Offices of Andrew F. McKenna, P.C. Can Help

Filing for Chapter 7 bankruptcy can feel overwhelming, but you don’t have to do it alone. At Law Offices of Andrew F. McKenna, P.C., we provide experienced legal assistance to help Colorado residents gather the necessary documents, complete filings, and navigate the entire process.

Our Services Include:

• Assessing your financial situation to determine Chapter 7 eligibility.
• Organizing and preparing all required documentation.
• Representing you in court and throughout the bankruptcy process.
• Addressing any challenges or objections that may arise.

Contact Us Today

If you’re considering Chapter 7 bankruptcy in Colorado, contact Law Offices of Andrew F. McKenna, P.C. for a consultation. We’ll guide you through the process step by step, helping you achieve financial relief and a fresh start.