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5 Forms You Need to File for Bankruptcy

Wednesday, October 23, 2013 4:32

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Filing for bankruptcy in Georgia can be a tedious process that calls for sifting through your financial records and filling out a mountain of forms.

Fret not, dear paper shuffler. To get started, familiarize yourself with the following five categories of forms you’ll need to file for bankruptcy:

Petition. The main document you will present to the bankruptcy court is your bankruptcy petition form. You will need to state what chapter of bankruptcy you are filing under (typically Chapter 7 or 13 for individuals) and also provide details of your assets and liabilities.
Exhibits. You may need to attach up to four exhibits to your bankruptcy petition form. These exhibits may include: Exhibit A (for Chapter 11 bankruptcy); Exhibit B (if an attorney is preparing your petition); Exhibit C (if you own or possess property that may pose a threat to public health or safety); and Exhibit D (a statement showing the court that you’ve completed the credit counseling requirement before filing).
Schedules. You will also need to submit a set of schedules that provide a statistical summary of your liabilities and related financial data. There are 11 schedules (A through J), and they cover different asset areas.
Local forms. In addition to the official forms that every bankruptcy court uses, Georgia bankruptcy courts include a few additional local forms that you may need to file depending on your case. Such forms entail liens on exempt property, claim objections, property redemption, and specific local procedural requirements.
Perjury form. One of the most important local forms you will submit is the signed document stating that to your best knowledge, all of the information included in the above documents is true, correct and complete. Misrepresenting the state of your assets, financial affairs, or liabilities is a serious matter that can lead to your bankruptcy petition being rejected, cause you to be barred from filing again for a lengthy period of time, and result in other negative legal consequences.

To streamline the process, you may want to consider purchasing a bankruptcy forms package from a company like LegalStreet. If your case is complicated, you also may want to consult an experienced bankruptcy attorney.

(Disclosure: LegalStreet and FindLaw.com are owned by the same company.)

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