Essential Forms For Bankruptcy Filing In Alabama

If you have decided for filing for bankruptcy in Alabama, then you need to consider under which Chapter code you want to file. It can be either Chapter 7 or Chapter 13. If it is Chapter 7, then all your assets (except the exempted assets) will be liquefied and that fund will be used to pay the debts of your creditors. In Chapter 13 bankruptcy filing, you agree to a debt payment plan within a period of 3 to 5 years. So, first decide under which Chapter you are going to file your bankruptcy as the forms to be filled differ for each of the Chapters.

You can see the list of forms to be filled for filing Bankruptcy in Alabama under Chapter 7 below.

Proof of Claim Form

It is a B10 form which is used for the creditor’s proof of claim. It includes data about the basis for claim and the debt dates.

Agreement of Re-Affirmation

Form B 240 is used to reaffirm the debts involved in the case of bankruptcy claimant. Debtor has to sign this agreement while filing the bankruptcy case.

Filing Fee Forms

If you opt to pay filing fee in installments you have to fill Form B3A else you can fill Form B3B if you are applying for a filing fee waiver. Form B1 is for Voluntary Petition.

Schedule Forms

There are nine schedule forms which have to be filled to give a summary of schedules. Forms are named as Form B6A, B6B, B6C, B6D, B6E, B6F and B6J in order to give a schedule of Real property, Personal property, Property claimed as exempt, Creditors holding secured claims, Creditors holding Unsecured Priority claims, Creditors holding Unsecured Nonpriority claims, Executory Contracts and Unexpired leases, Current Income of Individual Debtors, Current expenditures of individual debtors, Declaration concerning Debtor’s Schedules in the respective order.

Other Forms

Other essential forms to be filled while filing bankruptcy in Alabama are Form B7 (Financial Affairs Statement), Form B8 (Statement of Intention of Individual Debtor), Form B21 (Social Security Number), Form B22A (Current Monthly Income statement and Means Test), Form B23 (Certification for the Completion of Financial Management Course) and Verification of Creditor Matrix.

You can get protection from unsecured creditors such as credit card companies according to the Exemption Laws of Alabama; however, you will not be protected from collection of tax debts or child support.

Getting Legal Advice

You can approach or hire the services of a bankruptcy filing Alabama attorney to get more details regarding the filing of bankruptcy. You can find their legal advice useful for filling essential forms so that your bankruptcy claims can be easily processed.

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