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An Overview of the Chapter 13 Bankruptcy Process

When you file for Chapter 13 bankruptcy, your court papers must disclose what you own (real estate and personal property), your debts, and your financial transactions going back several years. You also will have to show that you’ve filed income tax returns for the previous four years. Your proposed repayment plan is due 15 days after you file your first papers.

But before you can even file for bankruptcy, you must complete some basic credit counseling. And you’ll have to get some personal financial management counseling after you file but before you get your Chapter 13 discharge.