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How to Prepare for Filing Bankruptcy

Carefully Preparing Your Bankruptcy Case

To get the most out of bankruptcy protection requires careful preparation. Filing bankruptcy means giving the bankruptcy court and bankruptcy trustee significant authority over your finances and assets. It is always preferable to know in advance how the court is going to apply the rules of bankruptcy in your case.

At John T. Turco & Associates, in Omaha, our experienced bankruptcy lawyers provide hands-on attention to each client’s case, diligently preparing for an effective filing by examining all of the documents needed for bankruptcy. Contact us to schedule a free initial consultation where we can discuss the bankruptcy process.

Double-Checking Everything to Avoid Surprises

Under the new bankruptcy laws adopted in 2005, all the claims you make when filing bankruptcy must be documented, and your attorney has a responsibility to double-check these documents. It will be helpful if you can bring in all of the following to your initial consultation:

  • Seven months of bank statements
  • Seven months of pay stubs from all employers
  • Seven months of self-employed profit and loss statements
  • Tax returns from the past two to four years
  • A copy of each of your current bills

We look over these documents because we are required to do so by law, but also for your own protection. If we do not know everything about your assets, debts and other financial circumstances before we file for bankruptcy, there could be unexpected financial and property consequences, or you could end up in jail for bankruptcy fraud.

Giving You Smart Advice Based on Your Goals

In addition to financial documents, you should also come to your bankruptcy consultation with a general sense of what you are hoping to accomplish by potentially filing for bankruptcy. Different people file for bankruptcy for different reasons.

Which debts are most responsible for pushing you over the line? What are your financial and personal goals for your life after bankruptcy? Knowing these things will allow us to give you sound advice based on our long experience with bankruptcy. Contact us to discuss how we can help you.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

This site is not intended to constitute legal advice, nor does it create an attorney-client relationship. The materials on this site are not guaranteed to be complete or current, and they should not be relied on as a substitute for legal advice. This site conveys general information related to bankruptcy law in Omaha, Papillion, Bellevue, Gretna, Council Bluffs and surrounding communities. If you are contemplating or involved in any matter in which legal advice or other expert assistance is required, the services of a competent professional should be sought. The determination of the need for legal services and the choice of a lawyer are extremely important decisions and should not be based solely upon advertisements or self-proclaimed expertise. This disclosure is required by rule of the Supreme Court of Iowa. Memberships and offices in legal fraternities and legal societies, technical and professional licenses, and memberships in scientific, technical and professional associations and societies of law or field of practice does not mean that a lawyer is a specialist or expert in a field of law, nor does it mean that such lawyer is necessarily any more expert or competent than any other lawyer. All potential clients are urged to make their own independent investigation and evaluation of any lawyer being considered. This notice is required by rule of the Supreme Court of Iowa.