When filing for bankruptcy, you’ll need to submit a petition to the court. The petition is a legal document that provides information about a debtor’s financial situation, assets, liabilities, and income. The petition must be completed accurately and truthfully. Providing false information can result in serious consequences.
Attorneys from bankruptcy law firms must include the following information in a bankruptcy petition:
A list of all creditors and the amount owed to each creditor;
A list of all assets and their values;
A list of all income and expenses;
A statement of financial affairs;
A copy of the debtor’s most recent tax return; and
Proof of completion of a credit counseling course.