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Get the free Chapter 7 Individual Debtors Statement of Intention (12/1/15)

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UNITED STATES BANKRUPTCY COURT Eastern District of New York Name of Debtor(s):Case number (If known): Chapter 7 ___ District of ___DECLARATION REGARDING ELECTRONIC FILING (SELFREPRESENTED INDIVIDUAL)
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How to fill out chapter 7 individual debtors

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How to fill out chapter 7 individual debtors

01
Gather all your financial information such as income, assets, debts, and expenses.
02
Complete a credit counseling course approved by the U.S. Trustee Program.
03
Fill out the official forms required for filing chapter 7 bankruptcy, including the petition, schedules, and statement of financial affairs.
04
File the forms with the bankruptcy court in your jurisdiction.
05
Attend a meeting of creditors, also known as a 341 meeting, where you will be questioned about your financial situation by the trustee assigned to your case.
06
Complete a debtor education course after filing for bankruptcy.
07
Wait for the court to discharge your debts, typically within a few months of filing.

Who needs chapter 7 individual debtors?

01
Individuals struggling with overwhelming debt and unable to repay their creditors may benefit from filing chapter 7 bankruptcy.
02
Those who qualify for chapter 7 based on their income and assets may choose this option to eliminate unsecured debts such as credit card balances, medical bills, and personal loans.
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Chapter 7 individual debtors is a form of bankruptcy that allows individuals to liquidate their assets to pay off debts.
Individuals who are unable to meet their financial obligations may be required to file for chapter 7 bankruptcy.
To fill out chapter 7 individual debtors, individuals must gather information about their assets, income, expenses, and debts.
The purpose of chapter 7 individual debtors is to provide individuals with a fresh start by eliminating most of their debts.
Information such as assets, income, expenses, and debts must be reported on chapter 7 individual debtors.
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