You are required to furnish certain documents by law when filing Bankruptcy. Bankruptcy Trustees are paid a fee for every filing they review and paid addition funds for any property they seize. When the Bankruptcy Trustee requests documents there is a reason and here is why.  Please see our Bankruptcy checklist for the documents you will need to file Bankruptcy.

Car Titles, Mortgages and Deeds are requested by Kentucky Trustees in order to review whether or not liens were properly filed by lenders.  If a mortgage filing was not properly recorded the Home may be taken by the Trustee.  As long the equity is less than the exemption at the time of filing the Debtor is allowed to keep property.  In Kentucky, every debtor is allowed a $22,000 home exemption at the time of filing, and$3,500 in equity in an auto and other property.  These exemptions increase every year - - see our page on property exemptions.

Income Tax records and Pay Stubs are requested by the Trustee to verify your income at the time of filing.  If a person is filing and earns more than the average wage or if there is money left over from secured and necessary expenses at the time of filing then the Debtor may be forced to file a Chapter 13.  

Debtors should be filing Chapter 13 cases when:

1. The Debtor needs to stop a foreclosure;
2. has excess property he wishes to keep; or
3. has filed a Chapter 7 within the last 8 years; or 
4. needs to pay a non-dischargeable debt such as an Income Tax debt that is less than 2 years old.

Bank Records are used to investigate whether there were  overpayments and underreported income in the 6 months prior to filing.

Your Bankruptcy Attorney isnt far from Clarksville Indiana