Bankruptcy: Do I List Recent Income?

Must I List All Recent Income if I File for Bankruptcy?

When filing for bankruptcy, you are required to list all household income for the current year in which you file bankruptcy and for the two years before filing.  Plus, you are required to list all household gross income specifically for the six calendar months prior to the case filing.  Social Security income and unemployment compensation must be listed on the bankruptcy paperwork, but they do not count as part of the household income for determining eligibility to file Chapter 7 or for deciding how much if any money must be repaid to unsecured creditors in a Chapter 13 case.

 

Bankruptcy: Disclose All My Accounts?

“Must I Disclose All My Bank Accounts if I File Bankruptcy?”

 

When you file for bankruptcy, you have to declare all of your assets including any and all bank accounts with your name including bank accounts of minor children and accounts of your parent(s) which your name has been put on as well.  Clients occasionally ask if they must list a bank account if there is a zero balance at the time of filing.  Of course, the answer is yes- any bank account with your name on it must be listed in the bankruptcy filing.