Each case is different, but there are basic steps that should be followed when filing Chapter 13 bankruptcy.
First, collect all necessary documentation of your income and debts, including current income sources, assets, property, monthly living expenses, secured and unsecured debts such as credit cards and medical bills, mortgage payments, paperwork for any other loans you may have, and major financial transactions for the last two years. It’s vital to be honest and accurate when collecting this information. Attempting to hide assets or failing to include certain debts can lead to serious consequences and throw a wrench in the Chapter 13 bankruptcy process.