How to File Bankruptcy

6 steps 30 min Intermediate

Learn how to file bankruptcy with our detailed step-by-step guide. Follow our easy instructions to get it done right.

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Step-by-Step Instructions

1

Step 1: Determine Which Chapter to File

Understand differences between Chapter 7 (liquidation) and Chapter 13 (repayment plan) bankruptcy.

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Bankruptcy Guide Book

Comprehensive guide to understanding bankruptcy options

$29.99
Bankruptcy Attorney Consultation

One-hour consultation with bankruptcy lawyer

$150
2

Step 2: Complete Credit Counseling

Take an approved credit counseling course within 180 days before filing (required by law).

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Approved Credit Counseling Course

Online credit counseling certification

$20
3

Step 3: Gather Financial Documents

Compile tax returns, pay stubs, bank statements, debt records, asset lists, and expense documentation.

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Financial Document Organizer

Binder system for organizing bankruptcy paperwork

$19.99
4

Step 4: Complete Bankruptcy Petition

Fill out official bankruptcy forms detailing all debts, assets, income, expenses, and financial history.

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Bankruptcy Petition Software

Software to help complete bankruptcy forms correctly

$99
5

Step 5: File Petition and Pay Fees

Submit completed forms to bankruptcy court with filing fee or fee waiver application.

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6

Step 6: Attend 341 Meeting and Complete Course

Meet with creditors, complete debtor education course, and follow trustee instructions.

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Debtor Education Course

Required post-filing financial management course

$15