In Bankruptcy, Bankruptcy Law, Blog

Bankruptcy schedules are crucial documents that will be very important when you file for financial protection from creditors. They are essentially the backbone of your bankruptcy petition, and will hold a lot of valuable information that you need to present to the court. There are a variety of different bankruptcy schedules that you will need to take time to fill out. With a helpful bankruptcy attorney on your side, filling out these detailed documents can be a little easier. All you need to do is carefully compile the information needed in an organized manner. The courts will want to review all of this data when they grant you bankruptcy in the future, so you will want to make sure that your lawyer is with you every step of the way.

The first type of schedule you may need to fill out is schedule A and lists all of your real property. This means that you will want to provide details about all land, houses, and buildings that you own. You will list the address, value, and amount of any secured claim. You will also need to state how much of the property is legally held. After finishing this schedule, it’s time to move onto paperwork that details all of your personal property. This is called Schedule B. This one will have listed categories that are numbered 1 through 35. On these categories, you will need to list everything you own. This means every knick knack or item in your possession.

You will even need to add in intangible property like retirement plans and stocks. Because the categories are specific, you will truly want to account for every single item that you have purchased down to cups, plates, bowls, clothes and appliances. It may take a lot of work, but remember the relief that you will feel when creditors stop calling and you don’t need to worry about the threat of foreclosure! Take time to fill out Schedules A and B with the help of a knowledgeable bankruptcy attorney. If you are in need of a lawyer, then look no further. The Malaise Law Firm offers legal aid to men and women in the Houston area and is here to help you through your case!