IMPORTANT: Failure to comply with the filing requirements or missing deadlines may result in your case being dismissed and loss of bankruptcy protection.  Please read the section on Minimum Requirements to Initiate Bankruptcy Case; Notice of Possible Dismissal of Your Case.

 

The united states Bankruptcy Court

for the Eastern District of Virginia            

Chapter 7 “Liquidation”

Chapter 7 - “Liquidation”

A chapter 7 case is the liquidation or selling off of your non-exempt property for payment to the creditors from the proceeds.

 

Chapter 7 Filing Requirements

An original of the following is required when filing a chapter 7:

· Notice to Individual Consumer Debtor (s)*

· Voluntary Petition*

· Statement of Social Security Number (s)* not available to public

· Exhibit D - Individual Debtor's Statement of Compliance With Credit Counseling - EDVA, and Certificate of Credit Counseling (or Certificate of Exigent Circumstance or Motion for Exemption) *Individuals only

· Corporate Resolution* only if corporation

· Corporate Ownership Statement* only if corporation

· Declaration of Divisional Venue*

· Fees - a payment due at time of filing* (must be cash or money order)

· Schedules A through J

· Summary of Schedules and Statistical Summary of Certain Liabilities

· List of Creditors-Mailing Matrix (in txt format) with Coversheet* must be submitted on computer diskette

· Statement of Financial Affairs

· Statement of Intention (Individual)

· Disclosure Statement of Bankruptcy Petition Preparer (Form B280), if applicable

· Declaration and Signature of Non-Attorney Bankruptcy Petition Preparer (See 11 U.S.C. §110) (Official Form 19 - which includes Notice to Debtor for Non-Attorney Bankruptcy Petition Preparer)

· Statement of Current Monthly Income and Means Test Calculation (Form B22A) Individuals only

· Copies of Payment Advices and Tax Returns (received 60 days prior to petition filing) should be submitted to Trustee at least 7 days prior to your scheduled Meeting of Creditors.

 

*The asterisk at the noted bullet items above identify the minimum requirements to initiate a bankruptcy case. You must file these asterisked items to initiate your bankruptcy case. You will need to provide your daytime telephone number to the Clerk’s Office.

 

PLEASE NOTE: Corporations and Partnerships must be represented by an attorney when filing for bankruptcy.