Filing for bankruptcy provides a lifeline for borrowers struggling with debts they can’t pay; however, the process can be long and complex. Forgetting to report all of your debts or assets on your bankruptcy paperwork can leave you financially responsible for accounts you could have discharged, or cause your case to be dismissed entirely. Below are a few documents you’ll need before preparing your bankruptcy petition.

2 Most Important Documents to Gather Before Filing for Bankruptcy

1. Tax Returns

Chapter 7 eligibility is determined by your income, so the trustee will need to see your tax returns for the previous two years. It’s also wise to get copies of your 1099s or W-2s for the same period, as these documents can help support your eligibility.

2. Copies of Your Bills

Debts that aren’t specifically listed on your bankruptcy paperwork won’t be discharged, so have a detailed account of your debts. In addition to credit cards and personal loans, you may also be able to eliminate lawsuit judgments, and medical bills. You should also get a recent credit report as sometimes there are debts listed there that you may not even be aware of.

For over 25 years, the legal document preparation specialists at We The People of NY in Manhattan have helped residents navigate the complex process of filing for bankruptcy. If you’re drowning in debt, their team will prepare the bankruptcy paperwork for you, eliminating mistakes and easing your stress about the process. Visit their website for more on how they can help you file for bankruptcy or call (212) 633-2200 to make an appointment today. We The People is a debt relief agency. They help people file for relief under the Bankruptcy Code.