[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"page-\u002Fcategories\u002Fmarriage-and-divorce\u002Fbankruptcy-worksheet":3},{"type":4,"data":5},"product",{"product_name":6,"slug":7,"category_slug":8,"order_type":9,"product_version_slug":10,"preview":11,"is_previewable":12,"related_products":13,"related_articles":39,"breadcrumbs":71,"productName":6,"productDescription":-1,"productVersionSlug":10,"localeId":-1,"landerSlug":7,"categorySlug":8,"_cmsSource":77,"hero":78,"quickLinks":82,"page_body":95,"meta_information":233,"sidebar_ad":237,"disclaimer":80,"stateSlug":69},"Bankruptcy Worksheet","bankruptcy-worksheet","personal-affairs","Document","bw-3872","&lt;center&gt;&lt;p class=&#39;title center&#39;&gt;&lt;strong&gt;Bankruptcy Worksheet&lt;\u002Fstrong&gt;&lt;\u002Fp&gt;&lt;\u002Fcenter&gt;&lt;br \u002F&gt;&lt;br \u002F&gt;&lt;p&gt;&lt;strong&gt;Debtor Information&lt;\u002Fstrong&gt;&lt;\u002Fp&gt;&lt;p&gt;Name: &lt;span style=&#39;background: #BBBBBB;&#39;&gt;_____________&lt;\u002Fspan&gt;&lt;\u002Fp&gt;&lt;p&gt;Address: &lt;span style=&#39;background: #BBBBBB;&#39;&gt;_____________&lt;\u002Fspan&gt;&lt;\u002Fp&gt;&lt;p&gt;&lt;span style=&#39;background: #BBBBBB;&#39;&gt;_____________&lt;\u002Fspan&gt;, &lt;span style=&#39;background: #BBBBBB;&#39;&gt;_____________&lt;\u002Fspan&gt; &lt;span style=&#39;background: #BBBBBB;&#39;&gt;_____________&lt;\u002Fspan&gt;&lt;\u002Fp&gt;&lt;p&gt;Phone Number: &lt;\u002Fp&gt;&lt;p&gt;Email: &lt;span style=&#39;background: #BBBBBB;&#39;&gt;_____________&lt;\u002Fspan&gt;&lt;\u002Fp&gt;&lt;p&gt;&lt;strong&gt;Reason(s) for Pursuing Bankruptcy&lt;\u002Fstrong&gt;&lt;\u002Fp&gt;&lt;p&gt;Case Explanation: &lt;span style=&#39;background: #BBBBBB;&#39;&gt;_____________&lt;\u002Fspan&gt;&lt;\u002Fp&gt;&lt;p class=&quot;center&quot;&gt;&lt;b&gt;ASSETS&lt;\u002Fb&gt;&lt;\u002Fp&gt;&lt;p&gt;&lt;strong&gt;Personal Property&lt;\u002Fstrong&gt;&lt;\u002Fp&gt;&lt;ul&gt;    &lt;\u002Ful&gt;&lt;p&gt;Total: &lt;span style=&#39;background: #BBBBBB;&#39;&gt;_____________&lt;\u002Fspan&gt;&lt;\u002Fp&gt;&lt;p class=&quot;center&quot;&gt;&lt;b&gt;DEBTS&lt;\u002Fb&gt;&lt;\u002Fp&gt;&lt;p&gt;Nature of Debts: &lt;span style=&#39;background: #BBBBBB;&#39;&gt;_____________&lt;\u002Fspan&gt;&lt;\u002Fp&gt;&lt;p&gt;Has a Mortgage: &lt;span style=&#39;background: #BBBBBB;&#39;&gt;_____________&lt;\u002Fspan&gt;&lt;\u002Fp&gt;&lt;p&gt;Has Auto Loan(s): &lt;span style=&#39;background: #BBBBBB;&#39;&gt;_____________&lt;\u002Fspan&gt;&lt;\u002Fp&gt;&lt;p&gt;&lt;strong&gt;Types of Debt&lt;\u002Fstrong&gt;&lt;\u002Fp&gt;&lt;p&gt;Credit cards - &lt;span style=&#39;background: #BBBBBB;&#39;&gt;_____________&lt;\u002Fspan&gt;&lt;\u002Fp&gt;&lt;p&gt;Personal loans - &lt;span style=&#39;background: #BBBBBB;&#39;&gt;_____________&lt;\u002Fspan&gt;&lt;\u002Fp&gt;&lt;p&gt;Medical bills - &lt;span style=&#39;background: #BBBBBB;&#39;&gt;_____________&lt;\u002Fspan&gt;&lt;\u002Fp&gt;&lt;p&gt;Student loans - &lt;span style=&#39;background: #BBBBBB;&#39;&gt;_____________&lt;\u002Fspan&gt;&lt;\u002Fp&gt;&lt;p&gt;Taxes - &lt;span style=&#39;background: #BBBBBB;&#39;&gt;_____________&lt;\u002Fspan&gt;&lt;\u002Fp&gt;&lt;p&gt;Government fines - &lt;span style=&#39;background: #BBBBBB;&#39;&gt;_____________&lt;\u002Fspan&gt;&lt;\u002Fp&gt;&lt;p&gt;Legal judgments - &lt;span style=&#39;background: #BBBBBB;&#39;&gt;_____________&lt;\u002Fspan&gt;&lt;\u002Fp&gt;&lt;p&gt;Estimated Total Debt: &lt;span style=&#39;background: #BBBBBB;&#39;&gt;_____________&lt;\u002Fspan&gt;&lt;\u002Fp&gt;&lt;div class=&#39;-page-break&#39;&gt;&lt;\u002Fdiv&gt;&lt;center&gt;&lt;p class=&#39;title center&#39;&gt;&lt;strong&gt;Instructions for Your Bankruptcy Worksheet&lt;\u002Fstrong&gt;&lt;\u002Fp&gt;&lt;\u002Fcenter&gt;&lt;br \u002F&gt;&lt;br \u002F&gt;&lt;p&gt;A bankruptcy worksheet is an excellent way to organize your finances and will help you determine if filing bankruptcy is a good option for you. These instructions will explain how to create a bankruptcy worksheet using LegalNature and elaborate on the guidance provided in the form builder.&lt;\u002Fp&gt;&lt;p&gt;&lt;strong&gt;Reason(s) for Pursuing Bankruptcy&lt;\u002Fstrong&gt;&lt;\u002Fp&gt;&lt;p&gt;You will begin by selecting all the reasons why you are interested in pursuing bankruptcy. When you file bankruptcy, something called an &quot;automatic stay&quot; goes into effect that legally prevents your creditors from contacting you while your case is pending. Many people also file bankruptcy after suffering a dramatic loss in income. This can be due to a variety of reasons, including a job loss or reduction in pay. Divorce is also another common reason. Often, one of the spouses can no longer afford to keep up with repaying debts after losing access to the other spouse&#39;s income.&lt;\u002Fp&gt;&lt;p&gt;Other common reasons include filing bankruptcy to relieve large medical debt, to stop wage garnishment or collections lawsuits, to prevent home foreclosure, and to prevent auto or property repossession. If either of these last two reasons applies to you, time is of the essence for your case, and it is recommended that you contact a bankruptcy attorney as soon as possible in order to get the ball rolling.&lt;\u002Fp&gt;&lt;p&gt;Furthermore, this list of reasons is not exhaustive. Select &quot;Other&quot; to input additional reasons why you feel you might be a good candidate for filing bankruptcy. Keep your reasons short, as you will be able to give a more thorough explanation for your particular financial situation when giving your case explanation.&lt;\u002Fp&gt;&lt;p&gt;&lt;strong&gt;Nature of Debt&lt;\u002Fstrong&gt;&lt;\u002Fp&gt;&lt;p&gt;Indicate here whether your debt is personal, from a business you own, or both. If part or all of your debt is business debt, then be sure to include the related debts in your answers to the remaining questions.&lt;\u002Fp&gt;&lt;p&gt;&lt;strong&gt;Case Explanation&lt;\u002Fstrong&gt;&lt;\u002Fp&gt;&lt;p&gt;When entering your case explanation, this is your chance to be more descriptive as to how you found yourself in your current financial situation. Briefly explain your income and major expenses. For instance, indicate whether you are responsible for supporting any dependents or whether someone in the family has suffered a major health problem. Then explain how you acquired any large debts that you owe.&lt;\u002Fp&gt;&lt;p&gt;&lt;strong&gt;Types of Debt&lt;\u002Fstrong&gt;&lt;\u002Fp&gt;&lt;p&gt;Next, you will need to estimate the amount of each type of debt that you owe. Try to be as accurate as possible. It may be a good idea to obtain a recent credit report for this step.&lt;\u002Fp&gt;&lt;p&gt;&quot;Personal loan debt&quot; includes all loans for which you are personally liable for repayment. If the debt was acquired in your capacity as a sole proprietor or as a partner in a partnership, then chances are you are personally liable for such debt.&lt;\u002Fp&gt;&lt;p&gt;&quot;Legal judgment debt&quot; is any debt you owe as a result of suffering an adverse legal judgment. For instance, if you were found liable in civil court for causing someone&#39;s injury and are therefore liable for paying his or her medical expenses, then include the judgment amount here.&lt;\u002Fp&gt;&lt;p&gt;&lt;strong&gt;Mortgages and Auto Loans&lt;\u002Fstrong&gt;&lt;\u002Fp&gt;&lt;p&gt;Select whether or not you are responsible for repaying any mortgages or auto loans. If so, select whether you are up to date on the payments. If you plan on keeping your home or car, then it is recommended that you continue to make the required payments. However, you may be able to renegotiate your payments. For instance, the Home Affordable Modification Program (&lt;a href=&quot;https:\u002F\u002Fwww.makinghomeaffordable.gov\u002Fpages\u002Fdefault.aspx&quot;&gt;HAMP&lt;\u002Fa&gt;) is a government program designed to help homeowners facing foreclosure. Depending on your situation, this legislation may require your lender to modify your repayment plan.&lt;\u002Fp&gt;&lt;p&gt;&lt;strong&gt;Income and Expenses&lt;\u002Fstrong&gt;&lt;\u002Fp&gt;&lt;p&gt;In this section, try to be as accurate as possible in estimating your current monthly income and expenses. It may be helpful to use the average of your monthly income and expenses over the past three to six months in order to give you a better picture of your financial circumstances.&lt;\u002Fp&gt;&lt;p&gt;&lt;strong&gt;Real Estate and Personal Property&lt;\u002Fstrong&gt;&lt;\u002Fp&gt;&lt;p&gt;Next you will itemize all your valuable possessions. &quot;Personal property&quot; includes any assets you own besides real estate and includes things such as cash on hand, bank accounts, and retirement accounts.&lt;\u002Fp&gt;&lt;p&gt;&lt;strong&gt;Final Steps&lt;\u002Fstrong&gt;&lt;\u002Fp&gt;&lt;p&gt;Once you have completed all the steps, you will be able to use your worksheet as a snapshot of your current financial situation. This can be helpful when combined with online tools or an experienced bankruptcy expert who can evaluate your options to determine whether bankruptcy is right for you. However, as a general rule of thumb, bankruptcy is often a good idea when the value of your total debt is more than the total value of your assets. If you fall into this category, then it may be time to get serious about filing bankruptcy.&lt;\u002Fp&gt;  \n\n",true,[14,18,21,24,27,30,33,36],{"product_name":15,"category":16,"link":17},"Cover Letter","Personal Affairs","\u002Fcategories\u002Fpersonal-affairs\u002Fcover-letter",{"product_name":19,"category":16,"link":20},"POA Agent Resignation Notice","\u002Fcategories\u002Fpersonal-affairs\u002Fpoa-agent-resignation-notice",{"product_name":22,"category":16,"link":23},"General Affidavit","\u002Fcategories\u002Fpersonal-affairs\u002Fgeneral-affidavit",{"product_name":25,"category":16,"link":26},"POA Agent Certification","\u002Fcategories\u002Fpersonal-affairs\u002Fpoa-agent-certification",{"product_name":28,"category":16,"link":29},"Do Not Resuscitate","\u002Fcategories\u002Fpersonal-affairs\u002Fdnr-001",{"product_name":31,"category":16,"link":32},"Cease and Desist Letter","\u002Fcategories\u002Fpersonal-affairs\u002Fcease-and-desist-letter",{"product_name":34,"category":16,"link":35},"Financial Power Of Attorney","\u002Fcategories\u002Fpersonal-affairs\u002Ffinancial-power-of-attorney",{"product_name":37,"category":16,"link":38},"Revocation of Power of Attorney","\u002Fcategories\u002Fpersonal-affairs\u002Frevocation-poa",[40,44,48,52,56,60,64,68],{"title":41,"description":42,"link":43},"Chapter 13 Bankruptcy: Everything You Need to Know","If you are struggling with debts and simply cannot catch up, then bankruptcy can give you a fresh start. It is important to understand how the bankruptcy process works and what can and cannot be discharged under bankruptcy before proceeding....","\u002Fguides\u002Feverything-you-need-to-know-about-chapter-13-bankruptcy",{"title":45,"description":46,"link":47},"Bankruptcy: What You Need to Know","If you are overwhelmed with debt and live pay check to pay check, hoping nothing goes amiss, you are not alone. In 2016, nearly 800,000 people filed for bankruptcy so they could relieve themselves of their financial burdens and get a fresh...","\u002Fguides\u002Fbankruptcy-what-you-need-to-know",{"title":49,"description":50,"link":51},"What is Chapter 7 bankruptcy?","Chapter 7 bankruptcy is a type of bankruptcy that involves a process for debtors to eliminate most of their debts. Through the process, debtors have the opportunity to start over with a clean slate in terms of their debt and credit. It is essentially a process that allows people to start over financially once it has been completed. However, it is no","\u002Fguides\u002Fwhat-is-chapter-7-bankruptcy-faq",{"title":53,"description":54,"link":55},"How to Create a Bankruptcy Worksheet","A bankruptcy worksheet is an excellent way to organize your finances and will help you determine if filing bankruptcy is a good option for you. These instructions will explain how to create a bankruptcy worksheet using LegalNature and...","\u002Fguides\u002Fhow-to-create-a-bankruptcy-worksheet",{"title":57,"description":58,"link":59},"Who can qualify for Chapter 7 bankruptcy?","As of 2005, debtors must pass the \"means\" test in order to qualify for Chapter 7 bankruptcy. The \"means\" test is used to determine whether your income is low enough relative to your necessary expenses to qualify for Chapter 7 bankruptcy. The test is a specific formula designed to prevent high-income earners from taking advantage of the system. The i","\u002Fguides\u002Fwho-can-qualify-for-chapter-7-bankruptcy",{"title":61,"description":62,"link":63},"Do You Need a Power of Attorney?","Who Needs a Power of Attorney? Many people form a power of attorney specifically for addressing medical concerns. If a person were to become incapacitated for medical reasons, a medical power of attorney will allow a trusted agent to make...","\u002Fguides\u002Fdo-you-need-a-power-of-attorney",{"title":65,"description":66,"link":67},"The Importance of a Comprehensive Medical Power of Attorney","If you are injured in an accident, having surgery, or develop a condition that makes it impossible for you to make your own decisions, then a representative you choose can make decisions on your behalf. When you appoint a medical power of...","\u002Fguides\u002Fthe-importance-of-a-comprehensive-medical-power-of-attorney",{"title":69,"description":69,"link":70},null,"\u002Fguides\u002Fwhat-is-an-affidavit-heres-how-to-write-one",[72,75],{"label":73,"link":74},"All Documents","\u002Flegal-documents",{"label":16,"link":76},"\u002Fcategories\u002Fpersonal-affairs","payload",{"landerVariant":79,"headline":6,"headlineAccent":69,"subtitle":80,"legacySubtitleHtml":81,"checkmarkText":69,"desktopImage":69,"mobileImage":69,"desktopImageUrl":69,"mobileImageUrl":69,"ctaType":79,"ctaText":69,"ctaLink":69},"standard","","A bankruptcy worksheet is an essential tool for figuring out what kind of bankruptcy would be most beneficial in your situation and how to go about keeping ownership of your most important assets. Use our bankruptcy worksheet to help you get organized for filing bankruptcy.",[83,87,91],{"id":84,"name":85,"link":86},"6a15a254f13133005943ebaf","How To","#illustrated_steps",{"id":88,"name":89,"link":90},"6a15a254f13133005943ebb0","Help Guide","#help_guide",{"id":92,"name":93,"link":94},"6a15a254f13133005943ebb1","FAQS","#faqs",[96,115,121,142,148,154,176,213,216],{"id":97,"headline":98,"blockName":69,"items":99,"blockType":112,"visibility":113},"6a15a254f13133005943ebb6","Our bankruptcy worksheet",[100,103,106,109],{"id":101,"text":102},"6a15a254f13133005943ebb2","Easily organizes your assets and debts",{"id":104,"text":105},"6a15a254f13133005943ebb3","Helps you decide whether to proceed with filing",{"id":107,"text":108},"6a15a254f13133005943ebb4","Saves you time and money before consulting an attorney",{"id":110,"text":111},"6a15a254f13133005943ebb5","Provides step-by-step guidance to easily assess your financial situation","checkmarks",{"hideOnMobile":114,"hideOnDesktop":114},false,{"id":116,"heading":117,"variant":118,"businessOnly":114,"blockName":69,"blockType":119,"visibility":120},"6a15a254f13133005943ebb7","What our customers are saying about us","block","reviews",{"hideOnMobile":114,"hideOnDesktop":114},{"id":122,"headline":123,"blockName":69,"steps":124,"blockType":140,"visibility":141},"6a15a254f13133005943ebbb","Complete your bankruptcy worksheet in 3 steps",[125,130,135],{"id":126,"headline":127,"legacyHtml":128,"illustrationHtml":129},"6a15a254f13133005943ebb8","Gather Information","\u003Cp>As you complete your bankruptcy worksheet, you will need to collect and provide estimates for key information, such as the types and amounts of all your current debts, your current income and expenses, and the value of all your assets, including any cars or homes and all your personal property.\u003C\u002Fp>","\u003Cp>Complete Obligations\u003C\u002Fp>\u003Csvg width=\"275\" height=\"154\" viewBox=\"0 0 275 154\" fill=\"none\" xmlns=\"http:\u002F\u002Fwww.w3.org\u002F2000\u002Fsvg\">\r\n\u003Cpath d=\"M0 82.6465C0 107.804 13.8581 130.588 43.5 141.647C67.0231 150.423 82.8292 154.533 125.103 153.485C220.646 151.117 275 132.063 275 86.9409C275 41.8189 190.497 71.0744 110.241 18.5018C29.984 -34.0708 0 37.5245 0 82.6465Z\" fill=\"#D2E8FB\"\u002F>\r\n\u003Crect x=\"10\" y=\"28\" width=\"107\" height=\"38\" rx=\"5\" fill=\"white\"\u002F>\r\n\u003Ccircle cx=\"12\" cy=\"47\" r=\"11\" fill=\"#2DCB5F\"\u002F>\r\n\u003Cpath d=\"M10.8361 47.4074L15.9362 43.3403C16.4239 42.8774 17.3408 42.8959 17.8488 43.3403C18.3568 43.7848 18.3365 44.6204 17.8488 45.0833L12.1133 50.7856C11.4242 51.4707 10.2977 51.4246 9.66686 50.6854L6.37341 46.8264C5.88574 46.3634 5.86542 45.5278 6.37341 45.0833C6.8814 44.6389 7.79831 44.6204 8.28598 45.0833L10.8361 47.4074Z\" fill=\"white\"\u002F>\r\n\u003Cline x1=\"34.5\" y1=\"51.5\" x2=\"101.5\" y2=\"51.5\" stroke=\"#E9F0FA\" stroke-width=\"3\" stroke-linecap=\"round\"\u002F>\r\n\u003Cline x1=\"34.5\" y1=\"41.5\" x2=\"66.5\" y2=\"41.5\" stroke=\"#E9F0FA\" stroke-width=\"3\" stroke-linecap=\"round\"\u002F>\r\n\u003Crect x=\"147\" y=\"28\" width=\"107\" height=\"38\" rx=\"5\" fill=\"white\"\u002F>\r\n\u003Ccircle cx=\"149\" cy=\"47\" r=\"11\" fill=\"#2DCB5F\"\u002F>\r\n\u003Cpath d=\"M147.836 47.4074L152.936 43.3403C153.424 42.8774 154.341 42.8959 154.849 43.3403C155.357 43.7848 155.336 44.6204 154.849 45.0833L149.113 50.7856C148.424 51.4707 147.298 51.4246 146.667 50.6854L143.373 46.8264C142.886 46.3634 142.865 45.5278 143.373 45.0833C143.881 44.6389 144.798 44.6204 145.286 45.0833L147.836 47.4074Z\" fill=\"white\"\u002F>\r\n\u003Cline x1=\"171.5\" y1=\"51.5\" x2=\"238.5\" y2=\"51.5\" stroke=\"#E9F0FA\" stroke-width=\"3\" stroke-linecap=\"round\"\u002F>\r\n\u003Cline x1=\"171.5\" y1=\"41.5\" x2=\"203.5\" y2=\"41.5\" stroke=\"#E9F0FA\" stroke-width=\"3\" stroke-linecap=\"round\"\u002F>\r\n\u003Crect x=\"147\" y=\"91\" width=\"107\" height=\"38\" rx=\"5\" fill=\"white\"\u002F>\r\n\u003Ccircle cx=\"149\" cy=\"110\" r=\"11\" fill=\"#009EFF\"\u002F>\r\n\u003Cg clip-path=\"url(#clip0)\">\r\n\u003Cpath d=\"M145.694 105.793H152.03C152.28 105.793 152.483 105.991 152.483 106.234V106.529C152.483 106.772 152.28 106.97 152.03 106.97C152.03 108.642 151.068 110.054 149.751 110.5C151.068 110.946 152.03 112.358 152.03 114.03C152.28 114.03 152.483 114.228 152.483 114.471V114.766C152.483 115.009 152.28 115.207 152.03 115.207H145.694C145.444 115.207 145.241 115.009 145.241 114.766V114.471C145.241 114.228 145.444 114.03 145.694 114.03C145.694 112.358 146.656 110.946 147.973 110.5C146.656 110.054 145.694 108.642 145.694 106.97C145.444 106.97 145.241 106.772 145.241 106.529V106.234C145.241 105.991 145.444 105.793 145.694 105.793ZM146.901 114.03H150.823C150.823 112.606 149.952 111.383 148.862 111.383C147.772 111.383 146.901 112.606 146.901 114.03Z\" fill=\"white\"\u002F>\r\n\u003C\u002Fg>\r\n\u003Cline x1=\"171.5\" y1=\"114.5\" x2=\"238.5\" y2=\"114.5\" stroke=\"#E9F0FA\" stroke-width=\"3\" stroke-linecap=\"round\"\u002F>\r\n\u003Cline x1=\"171.5\" y1=\"104.5\" x2=\"203.5\" y2=\"104.5\" stroke=\"#E9F0FA\" stroke-width=\"3\" stroke-linecap=\"round\"\u002F>\r\n\u003Crect x=\"10\" y=\"91\" width=\"107\" height=\"38\" rx=\"5\" fill=\"white\"\u002F>\r\n\u003Ccircle cx=\"12\" cy=\"110\" r=\"11\" fill=\"#2DCB5F\"\u002F>\r\n\u003Cpath d=\"M10.8361 110.407L15.9362 106.34C16.4239 105.877 17.3408 105.896 17.8488 106.34C18.3568 106.785 18.3365 107.62 17.8488 108.083L12.1133 113.786C11.4242 114.471 10.2977 114.425 9.66686 113.685L6.37341 109.826C5.88574 109.363 5.86542 108.528 6.37341 108.083C6.8814 107.639 7.79831 107.62 8.28598 108.083L10.8361 110.407Z\" fill=\"white\"\u002F>\r\n\u003Cline x1=\"34.5\" y1=\"114.5\" x2=\"101.5\" y2=\"114.5\" stroke=\"#E9F0FA\" stroke-width=\"3\" stroke-linecap=\"round\"\u002F>\r\n\u003Cline x1=\"34.5\" y1=\"104.5\" x2=\"66.5\" y2=\"104.5\" stroke=\"#E9F0FA\" stroke-width=\"3\" stroke-linecap=\"round\"\u002F>\r\n\u003Cdefs>\r\n\u003CclipPath id=\"clip0\">\r\n\u003Crect width=\"7.24138\" height=\"9.41379\" fill=\"white\" transform=\"matrix(-1 0 0 1 152.483 105.793)\"\u002F>\r\n\u003C\u002FclipPath>\r\n\u003C\u002Fdefs>\r\n\u003C\u002Fsvg>\r\n",{"id":131,"headline":132,"legacyHtml":133,"illustrationHtml":134},"6a15a254f13133005943ebb9","Answer Key Questions","\u003Cp>Use the information you collected to complete the bankruptcy worksheet. We make this easy by guiding you each step of the way and helping you to customize your document to match your specific needs.&nbsp;\u003C\u002Fp>","\u003Cp>Man Laptop Questions\u003C\u002Fp>\u003Csvg width=\"292\" height=\"174\" viewBox=\"0 0 292 174\" fill=\"none\" xmlns=\"http:\u002F\u002Fwww.w3.org\u002F2000\u002Fsvg\">\r\n\u003Cpath d=\"M292 102.647C292 127.804 278.142 150.588 248.5 161.647C224.977 170.423 209.171 174.533 166.897 173.485C71.3536 171.117 9.5 183.122 9.5 138C9.5 92.8781 124 156.5 181.759 38.5019C236.5 -59 292 57.5246 292 102.647Z\" fill=\"#D2E8FB\"\u002F>\r\n\u003Cpath d=\"M15.4529 164H21V106H15.4529C12.3802 106.03 9.44949 106.944 7.30286 108.542C5.15623 110.139 3.96877 112.289 4.00062 114.521V155.479C3.96877 157.711 5.15623 159.861 7.30286 161.458C9.44949 163.056 12.3802 163.97 15.4529 164V164Z\" fill=\"#4A7CE2\"\u002F>\r\n\u003Cpath d=\"M116.188 145.088C117.156 145.632 118.047 146.195 118.821 146.739C119.538 147.244 120.157 147.748 120.719 148.214C118.462 154.082 115.264 147.457 111.793 143.147C111.511 143.052 111.227 142.961 110.942 142.875L109.645 142.526C105.434 150.291 109.644 155.264 103.238 143.995C97.1954 151.759 91.6919 151.679 84.373 146.436C82.1079 141.326 75.8791 133.943 74.1803 129.968C71.6244 123.988 69.7967 114.26 67.4587 112.863C66.3165 135.617 66.9553 148.703 68.2524 156.625C68.5816 158.741 69.6077 159.332 66.5295 162.4C64.1869 164.73 60.9149 164.167 54.3905 163.817C37.8762 162.963 29.6094 162.536 21.1102 163.468C18.7676 163.72 14.8762 164.031 12.5917 161.992C10.3072 159.954 10.3072 161.265 10.3072 159.517C10.4148 155.752 10.8811 148.904 11.673 139.671L0 112.863C0 107.254 0 98.1682 8.79713 94.1858C18.2256 86.1868 20.1421 83.2745 25.2726 81.1195C28.8756 79.6537 32.7535 78.9912 36.6372 79.178L50.0925 80.0516C53.7449 80.4805 57.2989 81.5242 60.6051 83.1386C66.0453 85.7791 68.2524 87.3789 74.1803 92.4896C77.5779 98.1682 81.5417 120.883 84.373 126.561C87.2043 134.511 97.9146 146.291 101.361 140.758C102.071 141.96 102.693 143.036 103.238 143.995C103.741 143.349 104.247 142.649 104.758 141.893C107.094 138.468 109.503 140.304 111.793 143.147C113.312 143.662 114.783 144.311 116.188 145.088Z\" fill=\"#F8FAFF\"\u002F>\r\n\u003Cpath d=\"M37.2177 73.2771C37.0435 75.2186 36.8499 77.1601 36.637 79.1016C36.9627 80.5364 37.7452 81.8258 38.8664 82.7751C39.9876 83.7243 41.3864 84.2817 42.8515 84.3631C43.7863 84.3345 44.704 84.1047 45.5424 83.6893C46.3808 83.2739 47.1204 82.6827 47.711 81.9556C47.4563 81.9292 47.2039 81.8838 46.9559 81.8197C44.9456 81.615 43.0598 80.7479 41.5932 79.354C40.5875 77.8577 39.987 76.1248 39.8507 74.3255C39.5797 72.6946 39.5991 71.4132 39.1538 71.3162C38.7085 71.2191 38.3794 72.5393 37.2177 73.2771Z\" fill=\"#EFCDB9\"\u002F>\r\n\u003Cpath d=\"M45.8138 92.322C46.0655 92.0696 46.3365 91.759 46.6656 91.3707C48.2144 89.5457 49.0082 88.6331 48.9114 87.7595C48.8146 86.8858 48.3887 86.6528 46.6656 84.9443C45.4459 83.7211 44.4779 82.7116 43.8777 82.0709C43.1033 82.8863 42.2127 83.9153 41.264 85.1384C39.8701 86.9634 39.754 87.4294 39.754 87.8565C39.754 88.2837 39.9476 88.7302 41.8256 91.1183L42.4063 91.8366C40.8317 109.427 39.27 127.023 37.7212 144.626L43.142 152.392L48.9501 144.626C47.8918 127.243 46.8463 109.808 45.8138 92.322Z\" fill=\"#2B55A3\"\u002F>\r\n\u003Cpath d=\"M43.723 81.9933C44.6988 83.6044 45.7721 85.154 46.9368 86.6335C48.0403 88.0508 48.5824 88.575 49.2794 88.575C49.5117 88.575 50.2668 88.575 51.8544 86.4199C52.8588 85.0869 53.6793 83.624 54.2938 82.071C53.6213 81.2438 52.8397 80.5123 51.9705 79.8965C51.1082 79.2918 50.171 78.8023 49.1826 78.4404C48.502 79.6138 47.5101 80.5748 46.3174 81.2167C45.5108 81.6413 44.6297 81.905 43.723 81.9933V81.9933Z\" fill=\"#BECCE8\"\u002F>\r\n\u003Cpath d=\"M43.7233 81.9947C43.411 83.6072 42.7501 85.1314 41.7872 86.4602C40.916 87.6445 39.8512 89.023 38.4379 89.1006C37.0246 89.1783 35.8436 87.9746 34.7207 86.7126C32.8681 84.6685 31.5392 82.2031 30.8486 79.529C31.4129 78.9748 32.0677 78.5217 32.7847 78.1894C34.0117 77.6881 35.3602 77.5664 36.6567 77.8399C36.9214 78.6303 37.3402 79.3599 37.8886 79.9866C38.437 80.6132 39.1041 81.1242 39.8512 81.49C41.0501 82.0849 42.4125 82.2625 43.7233 81.9947V81.9947Z\" fill=\"#BECCE8\"\u002F>\r\n\u003Cpath d=\"M38.0702 62.4807C38.9027 63.2185 39.7932 62.7719 40.6644 62.9661C42.0002 62.5972 42.6004 65.7618 45.9691 66.5967C48.7182 67.2956 49.4539 65.4124 52.6484 66.0336C55.475 66.5967 56.5204 68.3634 58.4565 67.8392C59.4516 67.5079 60.2872 66.8154 60.7991 65.8977C61.3613 62.5506 61.5883 59.1555 61.4767 55.7631C61.3802 53.4594 61.141 51.164 60.7603 48.8902C59.475 49.1663 58.1398 49.0994 56.8883 48.696C54.1779 48.2883 53.8488 49.4726 51.3707 49.0649C50.5806 48.8328 49.7702 48.6768 48.9506 48.5989C47.8689 48.6706 46.7944 48.8263 45.7368 49.0649C43.5297 49.3755 43.3167 49.0649 42.9683 49.5114C42.1938 50.3269 43.2006 51.6083 42.9683 54.4623C42.9683 55.1806 42.6585 57.8599 41.4969 58.1705C40.9548 58.3259 40.7032 57.8017 39.7739 57.8211C39.3953 57.8197 39.0201 57.8946 38.6709 58.0413C38.3217 58.1881 38.0055 58.4037 37.741 58.6753C37.3333 59.2444 37.1425 59.9411 37.2028 60.6391C37.2632 61.3372 37.5709 61.9905 38.0702 62.4807Z\" fill=\"#EFCDB9\"\u002F>\r\n\u003Cpath d=\"M30.5193 54.1528C30.3114 55.3597 30.0071 56.5478 29.6094 57.7058C29.0851 59.7039 29.0851 61.804 29.6094 63.8021C30.287 65.9572 31.2163 65.7436 31.6616 67.8598C31.9907 69.5295 31.5453 70.112 32.2036 71.4516C32.4193 71.9635 32.7391 72.4247 33.1424 72.8058C33.5458 73.1868 34.0238 73.4795 34.5462 73.6649C35.3136 73.8682 36.1273 73.7996 36.8501 73.4708C36.972 73.4296 37.0841 73.3635 37.1792 73.2766C38.3408 72.5389 38.5925 71.3351 39.1152 71.3351C39.6379 71.3351 39.5411 72.7136 39.8122 74.3445C39.9582 76.1779 40.5861 77.9397 41.632 79.4506C43.091 80.8297 44.9619 81.6893 46.9561 81.8969C47.2041 81.961 47.4565 82.0064 47.7112 82.0328C50.5184 82.6541 53.2095 83.0424 55.3198 81.6251C56.0748 81.1009 57.0041 80.2078 58.824 73.8591C59.7726 70.5779 60.4115 67.821 60.76 65.8018C60.2481 66.7195 59.4126 67.412 58.4175 67.7433C56.4814 68.2675 55.4166 66.5008 52.6094 65.9377C49.4149 65.3165 48.7373 67.1997 45.9301 66.5008C42.6195 65.6659 42.058 62.5013 40.6254 62.8702C39.7542 62.676 38.8635 63.1226 38.031 62.3848C37.5426 61.8909 37.2453 61.2389 37.1921 60.5453C37.1389 59.8518 37.3333 59.1619 37.7406 58.5989C38.0051 58.3272 38.3214 58.1116 38.6706 57.9648C39.0198 57.8181 39.3949 57.7432 39.7735 57.7446C40.7028 57.7446 40.9544 58.2494 41.4965 58.0941C42.6581 57.7834 42.9098 55.1042 42.9679 54.3858C43.1809 51.5318 42.1741 50.2504 42.9679 49.435C43.3164 49.0661 43.5293 49.2991 45.7364 48.9884C46.794 48.7499 47.8686 48.5941 48.9503 48.5225C49.7699 48.6003 50.5802 48.7563 51.3703 48.9884C53.8484 49.3961 54.1775 48.2118 56.8879 48.6195C58.1394 49.0229 59.4746 49.0898 60.76 48.8137C61.4857 48.56 62.1468 48.149 62.696 47.6099C63.3808 46.9033 63.8887 46.044 64.1782 45.1024C64.4676 44.1608 64.5302 43.1638 64.361 42.1932C64.2116 41.3062 63.8596 40.4661 63.3322 39.7385C62.8049 39.0109 62.1166 38.4157 61.3215 37.9995C60.218 37.4947 59.8888 37.9995 57.4495 37.4559C55.4166 37.0482 55.3972 36.6599 54.1 36.524C51.9123 36.2716 51.3702 37.2812 49.1244 37.4559C46.8787 37.6306 46.6464 36.5434 43.6068 36.2716C41.1955 35.874 38.7245 36.4309 36.7146 37.8248C35.5917 38.7955 36.0175 39.2809 34.3719 41.1059C32.7263 42.9309 31.8745 42.9309 30.9839 44.2706C30.0291 46.1088 29.7417 48.2229 30.1708 50.2504C30.4079 51.5375 30.5246 52.844 30.5193 54.1528Z\" fill=\"#414346\"\u002F>\r\n\u003Cpath d=\"M55.4934 70.9109C52.3223 72.2738 48.132 71.6681 46.4332 70.9109L48.3772 72.6655C50.5304 74.6088 53.8369 74.7719 55.6769 72.5297C56.7963 71.1656 57.2 70.1774 55.4934 70.9109Z\" fill=\"white\"\u002F>\r\n\u003Cpath d=\"M56.9653 58.2887C56.9653 59.3954 57.4106 60.2302 58.1657 60.3856C58.9207 60.5409 59.5789 59.609 59.6563 58.4441C59.7338 57.2792 59.2111 56.4055 58.4754 56.3472C57.7397 56.289 57.0621 57.1821 56.9653 58.2887Z\" fill=\"#352F31\"\u002F>\r\n\u003Cpath d=\"M46.6267 57.7458C46.6267 58.8524 47.2656 59.6873 48.0013 59.6873C48.737 59.6873 49.3372 58.7748 49.3178 57.7458C49.2984 56.7168 48.6982 55.8043 47.9432 55.8043C47.1881 55.8043 46.6073 56.6585 46.6267 57.7458Z\" fill=\"#352F31\"\u002F>\r\n\u003Cpath d=\"M45.5241 52.2704C46.1049 51.5909 48.0602 52.5034 48.641 52.7558C49.2218 53.0082 50.4415 53.5518 50.4415 54.2508C50.4431 54.347 50.4231 54.4424 50.3829 54.5298C50.3427 54.6171 50.2833 54.6943 50.2092 54.7556C49.9382 54.9497 49.5123 54.7556 49.3187 54.7556C46.86 53.7654 45.4467 53.6295 45.4467 52.8141C45.4018 52.6296 45.4295 52.4349 45.5241 52.2704V52.2704Z\" fill=\"#414346\"\u002F>\r\n\u003Cpath d=\"M52.2615 64.85C52.2045 64.8483 52.1495 64.8286 52.1043 64.7938C52.0591 64.7589 52.0262 64.7106 52.0099 64.6559C51.9922 64.5864 52.0026 64.5127 52.0388 64.4508C52.0751 64.389 52.1343 64.3441 52.2035 64.3258C52.9198 64.1511 54.1394 63.7434 54.3137 62.9085C54.3137 62.6173 54.3137 62.3649 53.9846 61.4524V61.2582C53.5974 60.1516 53.3069 59.3167 53.1327 58.676C53.1096 58.6065 53.115 58.5306 53.1477 58.4651C53.1804 58.3996 53.2377 58.3497 53.307 58.3266C53.3763 58.3034 53.452 58.3088 53.5173 58.3415C53.5827 58.3743 53.6324 58.4318 53.6555 58.5013C53.8297 59.0837 54.1201 59.9768 54.5073 61.0835V61.2776C54.7901 61.8138 54.9112 62.421 54.8558 63.025C54.5848 64.1511 53.1715 64.6559 52.339 64.85H52.2615Z\" fill=\"#B49E99\"\u002F>\r\n\u003Cpath d=\"M60.3733 52.8724C59.8893 52.1734 57.9533 52.8724 57.3919 53.1053C56.8304 53.3383 55.6107 53.746 55.572 54.4061C55.5628 54.4996 55.5755 54.5939 55.6091 54.6816C55.6427 54.7692 55.6963 54.8478 55.7656 54.9109C55.9979 55.1051 56.4239 54.9109 56.5982 54.9109C59.0182 54.1537 60.4702 54.1149 60.4702 53.3383C60.4988 53.1763 60.4641 53.0094 60.3733 52.8724V52.8724Z\" fill=\"#414346\"\u002F>\r\n\u003Cpath d=\"M164.782 160.633C164.782 158.437 163.002 156.658 160.807 156.658H3.96436V164.608H14.082L8.03407 164.578H11.077L20.0309 164.608H148.563L151.302 164.578H154.421L154.664 164.608H160.807C163.002 164.608 164.782 162.828 164.782 160.633V160.633Z\" fill=\"#4A7CE2\"\u002F>\r\n\u003Cpath d=\"M159.381 117.932C159.073 117.443 158.648 117.039 158.144 116.758C157.64 116.476 157.074 116.326 156.497 116.321H109.432C108.8 116.328 108.183 116.514 107.652 116.857C107.121 117.201 106.698 117.688 106.431 118.262L89.5101 151.753C89.3822 152.018 89.291 152.299 89.2391 152.588H64.0707C63.6086 152.588 63.1654 152.772 62.8386 153.1C62.5118 153.428 62.3282 153.872 62.3282 154.336V154.937C62.3333 155.399 62.5185 155.841 62.8442 156.167C63.1698 156.494 63.6102 156.68 64.0707 156.685H139.576C140.208 156.678 140.825 156.492 141.356 156.149C141.887 155.805 142.31 155.318 142.577 154.743L159.497 121.252C159.756 120.733 159.881 120.157 159.861 119.578C159.84 118.998 159.675 118.432 159.381 117.932V117.932Z\" fill=\"#2B55A3\"\u002F>\r\n\u003Crect x=\"87\" y=\"11\" width=\"67\" height=\"38\" rx=\"5\" fill=\"white\"\u002F>\r\n\u003Crect x=\"172\" y=\"23\" width=\"67\" height=\"38\" rx=\"5\" fill=\"white\"\u002F>\r\n\u003Cline x1=\"195.5\" y1=\"37.5\" x2=\"215.5\" y2=\"37.5\" stroke=\"#E9F0FA\" stroke-width=\"3\" stroke-linecap=\"round\"\u002F>\r\n\u003Cline x1=\"189.5\" y1=\"46.5\" x2=\"221.5\" y2=\"46.5\" stroke=\"#E9F0FA\" stroke-width=\"3\" stroke-linecap=\"round\"\u002F>\r\n\u003Crect x=\"183\" y=\"80\" width=\"67\" height=\"38\" rx=\"5\" fill=\"white\"\u002F>\r\n\u003Cline x1=\"206.5\" y1=\"95.5\" x2=\"226.5\" y2=\"95.5\" stroke=\"#E9F0FA\" stroke-width=\"3\" stroke-linecap=\"round\"\u002F>\r\n\u003Ccircle cx=\"92\" cy=\"43\" r=\"11\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M90.8361 43.4074L95.9362 39.3403C96.4239 38.8774 97.3408 38.8959 97.8488 39.3403C98.3568 39.7848 98.3365 40.6204 97.8488 41.0833L92.1133 46.7856C91.4242 47.4707 90.2977 47.4246 89.6669 46.6854L86.3734 42.8264C85.8857 42.3634 85.8654 41.5278 86.3734 41.0833C86.8814 40.6389 87.7983 40.6204 88.286 41.0833L90.8361 43.4074Z\" fill=\"white\"\u002F>\r\n\u003Cline x1=\"114.5\" y1=\"34.5\" x2=\"126.5\" y2=\"34.5\" stroke=\"#E9F0FA\" stroke-width=\"3\" stroke-linecap=\"round\"\u002F>\r\n\u003Cline x1=\"104.5\" y1=\"24.5\" x2=\"136.5\" y2=\"24.5\" stroke=\"#E9F0FA\" stroke-width=\"3\" stroke-linecap=\"round\"\u002F>\r\n\u003Ccircle cx=\"173.5\" cy=\"42.5\" r=\"9.5\" fill=\"#2DCB5F\"\u002F>\r\n\u003Cpath d=\"M172.542 44.7261C172.542 44.0425 172.625 43.498 172.791 43.0928C172.957 42.6875 173.259 42.2896 173.699 41.8989C174.143 41.5034 174.438 41.1836 174.585 40.9395C174.731 40.6904 174.805 40.4292 174.805 40.1558C174.805 39.3306 174.424 38.918 173.662 38.918C173.301 38.918 173.01 39.0303 172.791 39.2549C172.576 39.4746 172.463 39.7798 172.454 40.1704H170.33C170.339 39.2378 170.64 38.5078 171.23 37.9805C171.826 37.4531 172.637 37.1895 173.662 37.1895C174.697 37.1895 175.5 37.4409 176.072 37.9438C176.643 38.4419 176.929 39.1475 176.929 40.0605C176.929 40.4756 176.836 40.8687 176.65 41.2397C176.465 41.606 176.14 42.0137 175.676 42.4629L175.083 43.0269C174.712 43.3833 174.5 43.8008 174.446 44.2793L174.417 44.7261H172.542ZM172.329 46.9746C172.329 46.6475 172.439 46.3789 172.659 46.1689C172.883 45.9541 173.169 45.8467 173.516 45.8467C173.862 45.8467 174.146 45.9541 174.365 46.1689C174.59 46.3789 174.702 46.6475 174.702 46.9746C174.702 47.2969 174.592 47.563 174.373 47.7729C174.158 47.9829 173.872 48.0879 173.516 48.0879C173.159 48.0879 172.871 47.9829 172.651 47.7729C172.437 47.563 172.329 47.2969 172.329 46.9746Z\" fill=\"white\"\u002F>\r\n\u003Ccircle cx=\"184.5\" cy=\"99.5\" r=\"9.5\" fill=\"#2DCB5F\"\u002F>\r\n\u003Cpath d=\"M183.542 101.726C183.542 101.042 183.625 100.498 183.791 100.093C183.957 99.6875 184.259 99.2896 184.699 98.8989C185.143 98.5034 185.438 98.1836 185.585 97.9395C185.731 97.6904 185.805 97.4292 185.805 97.1558C185.805 96.3306 185.424 95.918 184.662 95.918C184.301 95.918 184.01 96.0303 183.791 96.2549C183.576 96.4746 183.463 96.7798 183.454 97.1704H181.33C181.339 96.2378 181.64 95.5078 182.23 94.9805C182.826 94.4531 183.637 94.1895 184.662 94.1895C185.697 94.1895 186.5 94.4409 187.072 94.9438C187.643 95.4419 187.929 96.1475 187.929 97.0605C187.929 97.4756 187.836 97.8687 187.65 98.2397C187.465 98.606 187.14 99.0137 186.676 99.4629L186.083 100.027C185.712 100.383 185.5 100.801 185.446 101.279L185.417 101.726H183.542ZM183.329 103.975C183.329 103.647 183.439 103.379 183.659 103.169C183.883 102.954 184.169 102.847 184.516 102.847C184.862 102.847 185.146 102.954 185.365 103.169C185.59 103.379 185.702 103.647 185.702 103.975C185.702 104.297 185.592 104.563 185.373 104.773C185.158 104.983 184.872 105.088 184.516 105.088C184.159 105.088 183.871 104.983 183.651 104.773C183.437 104.563 183.329 104.297 183.329 103.975Z\" fill=\"white\"\u002F>\r\n\u003C\u002Fsvg>\r\n",{"id":136,"headline":137,"legacyHtml":138,"illustrationHtml":139},"6a15a254f13133005943ebba","Review and Determine If Bankruptcy Is Right for You","\u003Cp>It is always important to read your document thoroughly to ensure it matches your needs and is free of errors and omissions. Once you have completed all the steps, you will be able to use your worksheet as a snapshot of your current financial situation. This can be helpful when combined with online tools or an experienced bankruptcy expert who can evaluate your options to determine whether bankruptcy is right for you.&nbsp;\u003C\u002Fp>","\u003Cp>Review and Update\u003C\u002Fp>\u003Csvg width=\"326\" height=\"191\" viewBox=\"0 0 326 191\" fill=\"none\" xmlns=\"http:\u002F\u002Fwww.w3.org\u002F2000\u002Fsvg\">\r\n\u003Cpath d=\"M275 101C275 126.158 261.142 148.941 231.5 160C207.977 168.776 192.171 172.887 149.897 171.839C54.3536 169.471 0 150.416 0 105.294C0 60.1724 84.5029 89.4279 164.759 36.8553C245.016 -15.7172 275 55.878 275 101Z\" fill=\"#D2E8FB\"\u002F>\r\n\u003Crect opacity=\"0.8\" x=\"48.4277\" y=\"17.793\" width=\"127.101\" height=\"158.276\" rx=\"5\" transform=\"rotate(-7.93862 48.4277 17.793)\" fill=\"white\"\u002F>\r\n\u003Crect opacity=\"0.39\" x=\"31\" y=\"37.8726\" width=\"127.1\" height=\"158.276\" rx=\"5\" transform=\"rotate(-15.6119 31 37.8726)\" fill=\"white\"\u002F>\r\n\u003Cpath d=\"M68.3887 5.00001C68.3887 2.23858 70.6272 0 73.3887 0H190.673C193.434 0 195.673 2.23858 195.673 5V153.309C195.673 156.071 193.434 158.309 190.673 158.309H73.3887C70.6272 158.309 68.3887 156.071 68.3887 153.309V5.00001Z\" fill=\"white\"\u002F>\r\n\u003Cpath fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M190.673 1H73.3887C71.1795 1 69.3887 2.79087 69.3887 5.00001V153.309C69.3887 155.518 71.1795 157.309 73.3887 157.309H190.673C192.882 157.309 194.673 155.518 194.673 153.309V5C194.673 2.79086 192.882 1 190.673 1ZM73.3887 0C70.6272 0 68.3887 2.23858 68.3887 5.00001V153.309C68.3887 156.071 70.6272 158.309 73.3887 158.309H190.673C193.434 158.309 195.673 156.071 195.673 153.309V5C195.673 2.23858 193.434 0 190.673 0H73.3887Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M185.5 77.5C187 72.3333 193.3 62 206.5 62\" stroke=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M145 133.883C145 133.883 147.063 122.795 149.716 128.766C152.368 134.736 153.842 136.239 155.021 133.782C156.2 131.325 163.274 137.58 164.011 133.69C164.747 129.801 166.75 133.663 168.505 133.645C170.261 133.627 173 133.599 173 133.599\" stroke=\"#009EFF\"\u002F>\r\n\u003Crect x=\"88.2773\" y=\"46.1404\" width=\"85.9166\" height=\"0.795524\" rx=\"0.397762\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M90.96 28H92.2V25.21L94.98 21H93.57L91.59 24.1L89.63 21H88.18L90.96 25.24V28Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M97.3247 28.12C98.9547 28.12 100.155 26.87 100.155 25.37V25.35C100.155 23.84 98.9647 22.61 97.3447 22.61C95.7247 22.61 94.5247 23.86 94.5247 25.37V25.39C94.5247 26.89 95.7147 28.12 97.3247 28.12ZM97.3447 27.07C96.4047 27.07 95.7347 26.29 95.7347 25.37V25.35C95.7347 24.43 96.3547 23.67 97.3247 23.67C98.2747 23.67 98.9447 24.44 98.9447 25.37V25.39C98.9447 26.3 98.3247 27.07 97.3447 27.07Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M103.207 28.11C104.027 28.11 104.517 27.68 104.857 27.18V28H106.067V22.72H104.857V25.7C104.857 26.52 104.367 27.01 103.667 27.01C102.947 27.01 102.537 26.54 102.537 25.72V22.72H101.327V26.08C101.327 27.31 102.017 28.11 103.207 28.11Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M107.588 28H108.798V25.99C108.798 24.59 109.538 23.9 110.598 23.9H110.668V22.62C109.738 22.58 109.128 23.12 108.798 23.91V22.72H107.588V28Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M116.897 28.11C117.757 28.11 118.307 27.67 118.697 27.12V28H119.907V20.7H118.697V23.54C118.317 23.05 117.767 22.61 116.897 22.61C115.637 22.61 114.447 23.6 114.447 25.35V25.37C114.447 27.12 115.657 28.11 116.897 28.11ZM117.187 27.06C116.367 27.06 115.667 26.39 115.667 25.37V25.35C115.667 24.3 116.357 23.66 117.187 23.66C117.997 23.66 118.717 24.33 118.717 25.35V25.37C118.717 26.38 117.997 27.06 117.187 27.06Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M123.926 28.12C125.556 28.12 126.756 26.87 126.756 25.37V25.35C126.756 23.84 125.566 22.61 123.946 22.61C122.326 22.61 121.126 23.86 121.126 25.37V25.39C121.126 26.89 122.316 28.12 123.926 28.12ZM123.946 27.07C123.006 27.07 122.336 26.29 122.336 25.37V25.35C122.336 24.43 122.956 23.67 123.926 23.67C124.876 23.67 125.546 24.44 125.546 25.37V25.39C125.546 26.3 124.926 27.07 123.946 27.07Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M130.429 28.12C131.459 28.12 132.069 27.71 132.589 27.13L131.859 26.41C131.479 26.8 131.059 27.07 130.489 27.07C129.559 27.07 128.909 26.31 128.909 25.37V25.35C128.909 24.43 129.549 23.67 130.429 23.67C131.039 23.67 131.429 23.94 131.799 24.33L132.549 23.52C132.059 22.98 131.439 22.61 130.439 22.61C128.859 22.61 127.699 23.87 127.699 25.37V25.39C127.699 26.89 128.859 28.12 130.429 28.12Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M135.521 28.11C136.341 28.11 136.831 27.68 137.171 27.18V28H138.381V22.72H137.171V25.7C137.171 26.52 136.681 27.01 135.981 27.01C135.261 27.01 134.851 26.54 134.851 25.72V22.72H133.641V26.08C133.641 27.31 134.331 28.11 135.521 28.11Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M139.903 28H141.113V25.03C141.113 24.21 141.573 23.71 142.243 23.71C142.913 23.71 143.313 24.17 143.313 24.99V28H144.523V25.02C144.523 24.17 144.993 23.71 145.653 23.71C146.333 23.71 146.723 24.16 146.723 25V28H147.933V24.63C147.933 23.34 147.233 22.61 146.083 22.61C145.283 22.61 144.723 22.98 144.293 23.54C144.013 22.98 143.483 22.61 142.723 22.61C141.913 22.61 141.453 23.05 141.113 23.52V22.72H139.903V28Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M151.825 28.12C152.795 28.12 153.485 27.73 153.985 27.13L153.275 26.5C152.855 26.91 152.435 27.13 151.845 27.13C151.065 27.13 150.455 26.65 150.325 25.79H154.205C154.215 25.67 154.225 25.56 154.225 25.45C154.225 23.93 153.375 22.61 151.695 22.61C150.185 22.61 149.115 23.85 149.115 25.36V25.38C149.115 27.01 150.295 28.12 151.825 28.12ZM150.315 24.99C150.425 24.17 150.945 23.6 151.685 23.6C152.485 23.6 152.945 24.21 153.025 24.99H150.315Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M155.44 28H156.65V25.02C156.65 24.2 157.14 23.71 157.84 23.71C158.56 23.71 158.97 24.18 158.97 25V28H160.18V24.64C160.18 23.41 159.49 22.61 158.3 22.61C157.48 22.61 156.99 23.04 156.65 23.54V22.72H155.44V28Z\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M163.411 28.09C163.861 28.09 164.201 27.99 164.501 27.82V26.83C164.261 26.95 164.021 27.01 163.751 27.01C163.341 27.01 163.101 26.82 163.101 26.35V23.76H164.521V22.72H163.101V21.27H161.891V22.72H161.221V23.76H161.891V26.54C161.891 27.7 162.521 28.09 163.411 28.09Z\" fill=\"#009EFF\"\u002F>\r\n\u003Crect x=\"88.2773\" y=\"62.0508\" width=\"85.9166\" height=\"0.795524\" rx=\"0.397762\" fill=\"#009EFF\"\u002F>\r\n\u003Crect x=\"88.2773\" y=\"80.0508\" width=\"85.9166\" height=\"0.795524\" rx=\"0.397762\" fill=\"#E9F0FA\"\u002F>\r\n\u003Crect x=\"88.2773\" y=\"97.9614\" width=\"85.9166\" height=\"0.795524\" rx=\"0.397762\" fill=\"#FF4E4B\"\u002F>\r\n\u003Crect x=\"88.1484\" y=\"119.57\" width=\"49.8723\" height=\"0.795524\" rx=\"0.397762\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M240.808 107.109L243.066 104L243.225 107.727L224.13 180.314C223.954 180.98 223.272 181.378 222.606 181.203C221.94 181.027 221.542 180.345 221.717 179.679L240.808 107.109Z\" fill=\"#009EFF\" stroke=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M228.329 163.874L228.782 163.993C229.316 164.134 229.635 164.681 229.494 165.215L225.958 178.635C225.818 179.169 225.271 179.488 224.737 179.347L224.283 179.228L228.329 163.874Z\" fill=\"#009EFF\"\u002F>\r\n\u003Crect x=\"215\" y=\"41\" width=\"111\" height=\"35\" rx=\"5\" fill=\"white\"\u002F>\r\n\u003Crect x=\"227.277\" y=\"53.0508\" width=\"85.9166\" height=\"0.795524\" rx=\"0.397762\" fill=\"#009EFF\"\u002F>\r\n\u003Crect x=\"227.277\" y=\"63.0508\" width=\"85.9166\" height=\"0.795524\" rx=\"0.397762\" fill=\"#009EFF\"\u002F>\r\n\u003Cpath d=\"M184.747 74.1382C184.697 73.905 184.467 73.7542 184.234 73.8014C184 73.8486 183.851 74.0759 183.9 74.3091L184.709 78.1096L188.518 77.3404C188.751 77.2932 188.901 77.0659 188.851 76.8327C188.801 76.5995 188.572 76.4487 188.338 76.4959L185.376 77.0941L184.747 74.1382Z\" fill=\"#009EFF\"\u002F>\r\n\u003C\u002Fsvg>\r\n","illustrated-steps",{"hideOnMobile":114,"hideOnDesktop":114},{"id":143,"headline":89,"description":144,"body":145,"buttonText":69,"buttonLink":69,"blockName":69,"blockType":146,"visibility":147},"6a15a254f13133005943ebbc","A bankruptcy worksheet is an excellent way to organize your finances and will help you determine if filing for bankruptcy is a good option for you. This help guide will explain how to create a bankruptcy worksheet using LegalNature and elaborate on the guidance provided in the form builder.","\u003Ch4>\u003Cstrong>Reason(s) for Pursuing Bankruptcy\u003C\u002Fstrong>\u003C\u002Fh4>\n\u003Cp>You will begin by selecting all the reasons why you are interested in pursuing bankruptcy. When you file bankruptcy, something called an \"automatic stay\" goes into effect that legally prevents your creditors from contacting you while your case is pending. Many people also file bankruptcy after suffering a dramatic loss in income. This can be due to a variety of reasons, including a job loss or reduction in pay. Divorce is also another common reason. Often, one of the spouses can no longer afford to keep up with repaying debts after losing access to the other spouse's income.\u003C\u002Fp>\n\u003Cp>Other common reasons include filing bankruptcy to relieve large medical debt, to stop wage garnishment or collections lawsuits, to \u003Ca href=\"https:\u002F\u002Fwww.legalnature.com\u002Fguides\u002F3-options-to-avoid-foreclosure\" target=\"_blank\" rel=\"noopener\">prevent home foreclosure\u003C\u002Fa>, and to prevent auto or property repossession. If either of these last two reasons applies to you, time is of the essence for your case, and it is recommended that you contact a bankruptcy attorney as soon as possible in order to get the ball rolling.\u003C\u002Fp>\n\u003Cp>Furthermore, this list of reasons is not exhaustive. You are able to input additional reasons why you feel you might be a good candidate for filing bankruptcy. Keep your reasons short, as you will be able to give a more thorough explanation for your particular financial situation when giving your case explanation.\u003C\u002Fp>\n\u003Ch4>\u003Cstrong>Nature of Debt\u003C\u002Fstrong>\u003C\u002Fh4>\n\u003Cp>Indicate here whether your debt is personal, from a business you own, or both. If part or all of your debt is business debt, then be sure to include the related debts in your answers to the remaining questions.\u003C\u002Fp>\n\u003Ch4>\u003Cstrong>Case Explanation\u003C\u002Fstrong>\u003C\u002Fh4>\n\u003Cp>When entering your case explanation, this is your chance to be more descriptive as to how you found yourself in your current financial situation. Briefly explain your income and major expenses. For instance, indicate whether you are responsible for supporting any dependents or whether someone in the family has suffered a major health problem. Then explain how you acquired any large debts that you owe.\u003C\u002Fp>\n\u003Ch4>\u003Cstrong>Types of Debt\u003C\u002Fstrong>\u003C\u002Fh4>\n\u003Cp>Next, you will need to estimate the amount of each type of debt that you owe. Try to be as accurate as possible. It may be a good idea to obtain a recent credit report for this step.\u003C\u002Fp>\n\u003Cp>\"Personal loan debt\" includes all loans for which you are personally liable for repayment. If the debt was acquired in your capacity as a sole proprietor or as a partner in a partnership, then chances are you are personally liable for such debt.\u003C\u002Fp>\n\u003Cp>\"Legal judgment debt\" is any debt you owe as a result of suffering an adverse legal judgment. For instance, if you were found liable in civil court for causing someone's injury and are therefore liable for paying his or her medical expenses, then include the judgment amount here.\u003C\u002Fp>\n\u003Ch4>\u003Cstrong>Mortgages and Auto Loans\u003C\u002Fstrong>\u003C\u002Fh4>\n\u003Cp>Indicate whether or not you are responsible for repaying any mortgages or auto loans. If so, state whether you are up to date on the payments. If you plan on keeping your home or car, then it is recommended that you continue to make the required payments. However, you may be able to renegotiate your payments. For instance, the Home Affordable Modification Program (\u003Ca href=\"https:\u002F\u002Fwww.makinghomeaffordable.gov\u002Fpages\u002Fdefault.aspx\" target=\"_blank\" rel=\"noopener\">HAMP\u003C\u002Fa>) is a government program designed to help homeowners facing foreclosure. Depending on your situation, this legislation may require your lender to modify your repayment plan.\u003C\u002Fp>\n\u003Ch4>\u003Cstrong>Income and Expenses\u003C\u002Fstrong>\u003C\u002Fh4>\n\u003Cp>In this section, try to be as accurate as possible in estimating your current monthly income and expenses. It may be helpful to use the average of your monthly income and expenses over the past three to six months in order to give you a better picture of your financial circumstances.\u003C\u002Fp>\n\u003Ch4>\u003Cstrong>Real Estate and Personal Property\u003C\u002Fstrong>\u003C\u002Fh4>\n\u003Cp>Next you will itemize all your valuable possessions. \"Personal property\" includes any assets you own besides real estate and includes things such as cash on hand, bank accounts, and retirement accounts.\u003C\u002Fp>\n\u003Ch4>\u003Cstrong>Final Steps\u003C\u002Fstrong>\u003C\u002Fh4>\n\u003Cp>Once you have completed all the steps, you will be able to use your bankruptcy worksheet as a snapshot of your current financial situation. This can be helpful when combined with online tools or an experienced bankruptcy expert who can evaluate your options to determine whether bankruptcy is right for you. However, as a general rule of thumb, bankruptcy is often a good idea when the value of your total debt is more than the total value of your assets. If you fall into this category, then it may be time to get serious about filing bankruptcy.\u003C\u002Fp>","help-guide",{"hideOnMobile":114,"hideOnDesktop":114},{"id":149,"style":150,"size":151,"blockName":69,"blockType":152,"visibility":153},"6a15a254f13133005943ebbd","line","md","separator",{"hideOnMobile":114,"hideOnDesktop":114},{"id":155,"headline":156,"description":157,"blockName":69,"documents":158,"blockType":174,"visibility":175},"6a15a254f13133005943ebc1","Related Documents","View additional documents that our customers are creating. Whether you are an individual or small business, we have you covered.",[159,164,169],{"id":160,"name":161,"description":162,"link":163,"ctaText":69},"6a15a254f13133005943ebbe","Waiver and Release of Liability","Release one or both parties involved in an event, dispute, contract, or other legal matter from liability.","\u002Fcategories\u002Fbusiness\u002Fwaiver-and-release-of-liability",{"id":165,"name":166,"description":167,"link":168,"ctaText":69},"6a15a254f13133005943ebbf","Non-Disclosure Agreement","Prevent individuals or businesses from disclosing confidential information or trade secrets to others.","\u002Fcategories\u002Fhuman-resources\u002Fnon-disclosure-agreement",{"id":170,"name":171,"description":172,"link":173,"ctaText":69},"6a15a254f13133005943ebc0","Power of Attorney","Appoint a trusted person to manage your financial, real estate, business, or personal affairs.\n","\u002Fcategories\u002Fpersonal-affairs\u002Fpower-of-attorney","related-documents",{"hideOnMobile":114,"hideOnDesktop":114},{"id":177,"heading":178,"background":179,"blockName":69,"items":180,"blockType":211,"visibility":212},"6a15a254f13133005943ebca","Frequently Asked Questions","white",[181,185,189,193,196,199,203,207],{"id":182,"question":183,"answer":69,"legacyHtml":184},"6a15a254f13133005943ebc2","What is a bankruptcy worksheet?","\u003Cp>A bankruptcy worksheet is used to help you to determine if filing for bankruptcy is the best option for you based on your financial situation. Before you even consider filing for bankruptcy, you need to use a bankruptcy worksheet so you can ensure you are making the right decision in terms of your finances. To help you to create a bankruptcy worksheet, be sure to check out this \u003Ca href=\"https:\u002F\u002Fwww.legalnature.com\u002Fguides\u002Fhow-to-create-a-bankruptcy-worksheet\" target=\"_blank\" rel=\"noopener\">guide\u003C\u002Fa> that will walk you through everything that you should consider, including the following:\u003C\u002Fp>\n\u003Cul>\n\u003Cli>\u003Cstrong>Your current types of debt.\u003C\u002Fstrong> There are many types of debt and some are considered to be worse than others. Your bankruptcy worksheet will take a look at the types of debt that you currently have to help you to determine the severity of your debt.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>How much debt you currently owe.\u003C\u002Fstrong> You will need to take an honest look at all of the debt you owe so you can realistically know what you are looking at. This will also prepare you to determine if it is possible for you to pay for the debt on your own.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>A review of your income and expenses.\u003C\u002Fstrong> It is not enough to just know how much you make; you must also know where your money is going every month. To do this, you need to take an honest look at your income and expenses to determine if there are places you can cut back on spending and focus more on paying your debts.\u003C\u002Fli>\n\u003C\u002Ful>",{"id":186,"question":187,"answer":69,"legacyHtml":188},"6a15a254f13133005943ebc3","How do I use a bankruptcy worksheet?","\u003Cp>In order to get the most out of your bankruptcy worksheet, you have to be very honest with yourself and take a detailed look at your finances. There are several steps you will need to go through. Use these steps to get the most out of your bankruptcy worksheet.\u003C\u002Fp>\n\u003Cul>\n\u003Cli>\u003Cstrong>Consider why you want to file for bankruptcy.\u003C\u002Fstrong> You likely have a good reason to file for bankruptcy, but the first step of the bankruptcy worksheet is to write these reasons down. There are many reasons that are valid for filing and you need to be sure of what you want to achieve through the process.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Classify your debt.\u003C\u002Fstrong> When you are taking a look at your debt, you will need to determine whether it is personal debt, a business debt, or if you have both kinds that you want to focus on.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Explain your case.\u003C\u002Fstrong> While you briefly mentioned your reasons for wanting to file for bankruptcy, you will use this section to go into more detail about your current situation. You will also use this section to list any major expenses you may have, including dependants.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Estimate your debt.\u003C\u002Fstrong> Take the time to write down all of your debt, the amount owed, and the kind of debt it is so you really know what you are looking at for your bankruptcy filing.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Outline mortgages or auto loans.\u003C\u002Fstrong> You will need to detail any mortgages or auto loans you are responsible for repaying. Also, make a note of whether or not you are up to date on your payments. If you are planning on keeping these items, you should continue to make payments through the course of your bankruptcy.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Detail your income and expenses.\u003C\u002Fstrong> Be sure to write down all of your monthly income and expenses so you know the amount of disposable income you will have.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>List your real estate and personal property.\u003C\u002Fstrong> You should detail all of the assets you currently have including your retirement accounts and any property you own.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Use your complete financial snapshot.\u003C\u002Fstrong> You will use this complete snapshot to determine whether or not bankruptcy is right for you and if so, the type of bankruptcy you may want to consider.\u003C\u002Fli>\n\u003C\u002Ful>",{"id":190,"question":191,"answer":69,"legacyHtml":192},"6a15a254f13133005943ebc4","What is Chapter 13 bankruptcy?","\u003Cp>Chapter 13 bankruptcy is typically the bankruptcy option people turn to if they do not qualify for Chapter 7 bankruptcy. This type of bankruptcy is not designed to completely wipe out debt. Instead, it is the type of bankruptcy that allows the debtor to create a feasible plan to repay all of his or her debt. Debts are often repaid at only pennies on the dollar&mdash;meaning that only a fraction of the outstanding debt will ever need to be repaid.\u003C\u002Fp>\n\u003Cp>The idea is that the debtors will propose plans to their creditors to repay all of the debt using an installment plan that will last anywhere between three to five years. The time frame is set at three years if the current monthly income of the debtor is set to less than the applicable state median set forth by law. However, the court can always approve longer repayment terms if there is a good cause for it. No plans are allowed to last longer than five years.\u003C\u002Fp>\n\u003Cp>During this time frame, all creditors are prohibited from starting or continuing collection efforts against the debtor. For this type of bankruptcy, it is not required that you sell your assets in order to pay off your debt. This aspect often makes Chapter 13 bankruptcy very appealing. There is no income limit on this type of bankruptcy, but you are limited to the amount of debt you can file under Chapter 13 bankruptcy. F\u003Cspan>or cases filed between April 1, 2022 and March 31, 2025,\u003C\u002Fspan>&nbsp;the debt limits are set at \u003Cspan>$465,275 \u003C\u002Fspan>of unsecured debt and\u002For \u003Cspan>$1,395,875\u003C\u002Fspan> of secured debt. If you have debt that is more than these amounts, you are not eligible to file for Chapter 13 bankruptcy.\u003C\u002Fp>",{"id":194,"question":49,"answer":69,"legacyHtml":195},"6a15a254f13133005943ebc5","\u003Cp>Chapter 7 bankruptcy is a type of bankruptcy that involves a process for debtors to eliminate most of their debts. Through the process, debtors have the opportunity to start over with a clean slate in terms of their debt and credit. It is essentially a process that allows people to start over financially once it has been completed.\u003C\u002Fp>\n\u003Cp>However, it is not always the ideal option and depends on people&rsquo;s individual circumstances. This is due to the fact that in order to remove debts, many of the debtor&rsquo;s assets must be sold, if possible. Assets are used to pay for as much of the debt as possible. In the end, the debtor is freed from debts even if they have not been paid in full through the sale of their assets.\u003C\u002Fp>",{"id":197,"question":57,"answer":69,"legacyHtml":198},"6a15a254f13133005943ebc6","\u003Cp>As of 2022, debtors must pass the \"means\" test in order to qualify for Chapter 7 bankruptcy. The \"means\" test is used to determine whether your income is low enough relative to your necessary expenses to qualify for Chapter 7 bankruptcy. The test is a specific formula designed to prevent high-income earners from taking advantage of the system. The idea behind it is to ensure that anyone who files for Chapter 7 bankruptcy genuinely needs assistance to pay off his or her debts.\u003C\u002Fp>\n\u003Cp>The formula used takes the current income of the potential filer and then deducts monthly expenses to determine disposable income. The higher your disposable income, the less likely you will qualify for Chapter 7 bankruptcy. If you make too much money, you cannot use Chapter 7 bankruptcy to completely wipe out your debt, but you do still have the option of filing under Chapter 13 bankruptcy.\u003C\u002Fp>",{"id":200,"question":201,"answer":69,"legacyHtml":202},"6a15a254f13133005943ebc7","What is the difference between Chapter 7 and Chapter 13 bankruptcy?","\u003Cp>There are many key differences between \u003Ca href=\"https:\u002F\u002Fwww.legalnature.com\u002Fguides\u002Fwhat-is-chapter-7-bankruptcy\" target=\"_blank\" rel=\"noopener\">Chapter 7\u003C\u002Fa> and \u003Ca href=\"https:\u002F\u002Fwww.legalnature.com\u002Fguides\u002Fwhat-is-chapter-13-bankruptcy\" target=\"_blank\" rel=\"noopener\">Chapter 13\u003C\u002Fa> bankruptcy that can help you determine which one may be the better option for your needs. These are some of the key differences between the two:\u003C\u002Fp>\n\u003Cul>\n\u003Cli>\u003Cstrong>Length of time:&nbsp;\u003C\u002Fstrong>Chapter 7 bankruptcy can be completed and debts discharged in anywhere between three and five months. Chapter 13 bankruptcy is not completed until all payments are made, which can take anywhere from three to five years depending on the terms.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Property:&nbsp;\u003C\u002Fstrong>In Chapter 7 bankruptcy, all eligible assets are sold to pay for the debts, which includes any property owned by the debtor. However, with Chapter 13 bankruptcy, debtors are able to keep more of their property and make payments instead, thereby allowing them to keep the assets they have worked too hard to pay for in the past.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Who can file:\u003C\u002Fstrong> With Chapter 7 bankruptcy, both individuals and business entities are able to file. With Chapter 13 bankruptcy, only individuals, including sole proprietors, are able to file.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Eligibility requirements:\u003C\u002Fstrong> Chapter 13 bankruptcy has set limits on the amount of debt you can have in order to be eligible. Chapter 7 bankruptcy has set income limits and uses a \"means\" test to determine eligibility.\u003C\u002Fli>\n\u003C\u002Ful>",{"id":204,"question":205,"answer":69,"legacyHtml":206},"6a15a254f13133005943ebc8","What debt can I include in a bankruptcy?","\u003Cp>Before you file for bankruptcy, it is important to understand what it can and cannot do for your debt situation. There are some debts that are covered in a bankruptcy as well as some that cannot be included. These are some of the types of debts you can include:\u003C\u002Fp>\n\u003Cul>\n\u003Cli>\u003Cstrong>Unsecured debts:\u003C\u002Fstrong> Unsecured debt would include credit card debt unless you have a secured card. Credit card debt is the most common type of unsecured debt, but there may also be other kinds.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Medical bills:\u003C\u002Fstrong> If you are unable to pay your medical bills, you can include these debts in your bankruptcy filings.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Utility bills:\u003C\u002Fstrong> In this case, you can only include past due amounts.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Personal loans:\u003C\u002Fstrong> Personal loans that qualify include those from friends, family, and even from your employer.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Collection agency bills:\u003C\u002Fstrong> Not only can you include these debts in your filing, but as soon as you file, an automatic stay will be initiated so they cannot contact you for payment.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Past due rent:\u003C\u002Fstrong> If you are being sued or owe money under your lease agreement or a previous one, you can include those amounts in your bankruptcy.\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Cp>These are some of the types of debts that cannot be included:\u003C\u002Fp>\n\u003Cul>\n\u003Cli>Tax debts\u003C\u002Fli>\n\u003Cli>Student loans\u003C\u002Fli>\n\u003Cli>Child support and alimony\u003C\u002Fli>\n\u003C\u002Ful>",{"id":208,"question":209,"answer":69,"legacyHtml":210},"6a15a254f13133005943ebc9","What are the effects of bankruptcy?","\u003Cp>There are both positive and negative consequences of bankruptcy. These are just a few of the impacts of bankruptcy that you can expect:\u003C\u002Fp>\n\u003Cul>\n\u003Cli>\u003Cstrong>Lower credit score:\u003C\u002Fstrong> A bankruptcy can stay on your credit report for seven to ten years and during that time, you will see a lower credit score as a result. Eventually, though, your credit will get better and possibly be stronger than it was in the beginning.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Difficulty getting loans:\u003C\u002Fstrong> As the bankruptcy is on your record, many companies will not want to approve you for loans or other forms of credit.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>A fresh start:\u003C\u002Fstrong> At the end of your bankruptcy, you will have a fresh financial start so you can do things right and begin to rebuild your life. It may take some time, but you will not have to battle your debts to achieve your goals.\u003C\u002Fli>\n\u003C\u002Ful>","faqs",{"hideOnMobile":114,"hideOnDesktop":114},{"id":214,"style":150,"size":151,"blockName":69,"blockType":152,"visibility":215},"6a15a254f13133005943ebcb",{"hideOnMobile":114,"hideOnDesktop":114},{"id":217,"headline":218,"text":219,"image":220,"ctaText":69,"blockName":69,"blockType":231,"visibility":232},"6a15a254f13133005943ebcc","Start Your Bankruptcy Worksheet","Complete your bankruptcy worksheet in minutes with LegalNature's intuitive, step-by-step guidance.",{"id":221,"alt":69,"updatedAt":222,"createdAt":223,"url":224,"thumbnailURL":69,"filename":225,"mimeType":226,"filesize":227,"width":228,"height":229,"focalX":230,"focalY":230},210,"2026-07-24T10:46:14.235Z","2026-07-24T10:46:14.133Z","https:\u002F\u002Fs3.us-east-2.amazonaws.com\u002Fshared-cms-main-media.legalnature.com\u002Fgeneral-doc-image.jpg","general-doc-image.jpg","image\u002Fjpeg",369412,894,594,50,"get-started",{"hideOnMobile":114,"hideOnDesktop":114},{"title":234,"description":235,"keyword":80,"og_image":236},"Bankruptcy Worksheet | Create, Save & Print | LegalNature","Use our bankruptcy worksheet to organize your finances and to help you determine if filing for bankruptcy is a good option for you.","https:\u002F\u002Fs3.us-east-2.amazonaws.com\u002Fshared-cms-main-media.legalnature.com\u002FXEBpSqTg6E9qhmz2EiLg.jpg",{"headline":69,"image":69,"imageUrl":69,"steps":238},[]]