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What Do I Have To Disclose In A Chapter 7 Filing?

To file for Chapter 7 bankruptcy protection, you’ll have to share a detailed financial picture with the court.

This will include a full accounting of all property you own, your current income and a thorough accounting of your monthly living expenses, all of your debts, a list of exempt property, and an accounting of property you owned, sold, or gave away during the last two years.

You’ll also need to outline your spending over the last two years.

The best way to approach a Chapter 7 filing is to be as complete as possible in your documentation.

A bankruptcy lawyer can help you avoid pitfalls as you prepare to file, and make sure that you maximize the exemptions available to you to protect the assets that matter.

Call Zelenitz, Shapiro & D’Agostino at 718-599-1111 and talk to a Queens bankruptcy attorney for free.