California Bankruptcy Filing Paperwork

Introduction to California Bankruptcy Filing Paperwork

Filing for bankruptcy in California can be a complex process, requiring a significant amount of paperwork and documentation. Understanding the necessary paperwork is crucial for a successful bankruptcy filing. In this article, we will guide you through the various documents and forms required for a California bankruptcy filing.

Types of Bankruptcy in California

There are two primary types of bankruptcy filings in California: Chapter 7 and Chapter 13. Chapter 7 bankruptcy involves the liquidation of non-exempt assets to pay off creditors, while Chapter 13 bankruptcy involves creating a repayment plan to pay off a portion of debts over time. The type of bankruptcy filing will determine the specific paperwork required.

Required Paperwork for Chapter 7 Bankruptcy

For a Chapter 7 bankruptcy filing in California, the following paperwork is required: * Petition for Individuals Filing for Bankruptcy (Form 101) * Schedules A/J (Form 106A/J) - listing of real property and personal property * Schedules D and E/F (Form 106D and 106E/F) - listing of creditors and exempt property * Statement of Financial Affairs (Form 107) * Means Test Calculation (Form 122A-1) * Certificate of Credit Counseling

Required Paperwork for Chapter 13 Bankruptcy

For a Chapter 13 bankruptcy filing in California, the following paperwork is required: * Petition for Individuals Filing for Bankruptcy (Form 101) * Schedules A/J (Form 106A/J) - listing of real property and personal property * Schedules D and E/F (Form 106D and 106E/F) - listing of creditors and exempt property * Statement of Financial Affairs (Form 107) * Plan for Repayment (Form 113) * Certificate of Credit Counseling

Additional Documents Required

In addition to the above paperwork, the following documents may be required: * Pay stubs for the past 60 days * Tax returns for the past two years * Bank statements for the past 60 days * Valuations of real property and personal property * Proof of identity and social security number

📝 Note: It is essential to ensure that all paperwork is complete and accurate to avoid delays or dismissal of the bankruptcy case.

Table of Required Paperwork

Document	Chapter 7	Chapter 13
Petition for Individuals Filing for Bankruptcy	Required	Required
Schedules A/J	Required	Required
Schedules D and E/F	Required	Required
Statement of Financial Affairs	Required	Required
Means Test Calculation	Required	Not Required
Plan for Repayment	Not Required	Required

Filing the Paperwork

Once all the necessary paperwork is complete, it must be filed with the United States Bankruptcy Court for the District of California. The filing fee for Chapter 7 bankruptcy is currently 335, while the filing fee for Chapter 13 bankruptcy is 310. It is essential to ensure that all paperwork is filed correctly and on time to avoid delays or dismissal of the bankruptcy case.

In summary, filing for bankruptcy in California requires a significant amount of paperwork and documentation. Understanding the necessary paperwork and ensuring that all documents are complete and accurate is crucial for a successful bankruptcy filing. By following the guidelines outlined in this article, individuals can navigate the complex process of California bankruptcy filing paperwork and take the first step towards financial recovery.