Upstate New York Bankruptcy Lawyer

Chapter 7 Requirements

If you earn less than $48,492 per year, have less than $50,000 equity in your home, have an automobile valued at less than $2,500 (or lease an automobile or make payments on an automobile) and have no other significant assets, you will likely be categorized as a Consumer No-Asset case. This means that the trustee will not have to administer any of your assets.

$299 Filing Fee

Copy of your Credit Report

Past 6 weeks of pay stubs

2 Years of recent tax returns

Certificate of Credit Counseling Course

A signed petition along with retainer agreement indicating that you have no assets that could be sold at auction valued at more than 500 to 1000 dollars that are non-exempt.

Chapter 13 Requirements

Any individual, even if self-employed or operating an unincorporated business, is eligible for chapter 13 relief as long as the individual's unsecured debts are less than $336,900 and secured debts are less than $1,010,650. 11 U.S.C. ? 109(e). These amounts are adjusted periodically to reflect changes in the consumer price index.

$274 Filing Fee

Copy of your Credit Report

List of any real estate (owned or mortgaged)

List of any assets with auction-value appraisals

Past six weeks of pay stubs

Previous Federal tax returns

Certificate of Credit Counseling Course

Disclaimer

These values are subject to change at any time based on State Government standards and updates to bankruptcy laws & policy.