When an individual records a chapter 13 petition, an independent trustee are designated to manage the actual situation

When an individual records a chapter 13 petition, an independent trustee are designated to manage the actual situation

In a situation where one spouse files, the amount of money and you can expenditures of the low-submitting mate is necessary so the court, the newest trustee and you may loan providers normally assess the household’s budget

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In order to complete the state Bankruptcy proceeding Models that define brand new petition, statement away from financial facts, and you will times, the fresh new borrower need accumulate next advice:

  1. A summary of the creditors and number and character from the says;
  2. The source, number, and you may volume of your own debtor’s income;
  3. A list of all debtor’s assets; and you will
  4. An in depth directory of the brand new debtor’s month-to-month bills, i.e., dining, clothing, safety, resources, taxation, transportation, treatments, etcetera.