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 Bach Law Offices, Inc.

Bach Is Your Financial Future.

555 Skokie Blvd Suite 250, Northbrook, IL 60062
PO Box 1285, Northbrook, IL 60062

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(847) 440-5998

Which Forms Do I Need To Complete To File For Chapter 7 Bankruptcy?

  • By: Bach Law Offices, Inc.
  • Published: November 28, 2018

By filing for Chapter 7, debtors can liquidate their assets to pay off their creditors and eliminate any forgivable debts. However, this doesn’t necessarily mean that the overall legal process is simple or straightforward. There are countless forms that need to be accurately completed before your assets can be assessed and liquidated by the court. If you’re planning to file for bankruptcy, it’s important to first discuss your case with an experienced lawyer who can assess your assets and help you complete each necessary form.

Filing For Chapter 7

There are various forms that need to be completed based on your personal circumstances and individual financial situation. At Bach Law Offices, Inc., we can evaluate your debts and help you determine which forms apply to your specific situation. Before you can file the standard bankruptcy forms, you must file a voluntary petition, a creditor mailing matrix, and a credit counseling certificate.

You need to file the following forms to initiate the Chapter 7 bankruptcy process:

  • B 101 Voluntary Petition for Individuals Filing for Bankruptcy
  • B 103A Application for Individuals to Pay the Filing Fee in Installments
  • B 103B Application to Have Chapter 7 Filing Fee Waived
  • B 106 Summary of Your Assets and Liabilities and Certain Statistical Information
  • B 106A/B Schedule A/B: Property
  • B 106C Schedule C: The Property You Claim as Exempt
  • B 106D Schedule D: Creditors Who Hold Claims Secured by Property
  • B 106E/F Schedule E/F: Creditors Who Have Unsecured Claims
  • B 106G Schedule G: Executory Contracts and Unexpired Leases
  • B 106H Schedule H: Your Codebtors
  • B 106I Schedule I: Your Income
  • B 106J Schedule J: Your Expenses
  • B 106J-2 Schedule J-2: Expenses for Separate Household of Debtor 2
  • B 107 Your Statement of Financial Affairs for individuals Filing Bankruptcy
  • B 108 Statement of Intention for Individuals Filing Under Chapter 7
  • B 121 Your Statement About Your Social Security Numbers
  • B 122A-1 Chapter 7 Statement of Current Monthly Income

How Are My Creditor Notified?

Once your case is submitted, the court sends a Notice of Bankruptcy Case to any creditors listed on your creditor matrix. This notice initiates an automatic stay that protects you from creditor harassment. However, if you forget to list a creditor, they may not be restricted by the discharge. To prevent this scenario, it’s important to have your attorney review each of your legal forms before they are officially submitted.

A creditor is legally prohibited from attempting to collect once the automatic stay is in place. You shouldn’t receive any calls or letters that demand money or threaten you with legal penalties for not making a payment. If you happen to have a relentless creditor haunting your phone line, notify our legal team immediately. We can remind the creditor about your bankruptcy and take them to court if they continue to harass you.
Schedule a Consultation & Get Your Forms in Order Today!

If you’re ready to enjoy the benefits of a debt-free life, contact the Northbrook bankruptcy lawyers at Bach Law Offices, Inc.. Our legal team can guide you through each step of this legal process and help you develop the tools you need to avoid financial hardship in the future.

Contact Bach Law Offices, Inc. at (847) 440-5998 to schedule a free consultation.

Bach Law Offices, Inc.

Bach Is Your Financial Future.
Contact Us Today! (847) 440-5998