Bankruptcy is the legal procedure that a person undergoes when he is unable to pay back his debts. It is a legal process that establishes that a person is no longer able to pay back his debts as promised. The result is that once the bankruptcy is discharged his creditors loose legal rights to try and recover the money or file a lawsuit in court regarding their claim. So, Bankruptcy is the best option to eventually help you get back on your feet. Know more about bankruptcy visit http://www.johncranebankruptcy.com. You can contact John M. Crane, P.C. at : 212-571-1898, 718-509-6542 914-380-4209, 914-481-3450 for more information.

1. Process for filing bankruptcy
Disclaimer: The contents of this page are general in
nature. Please use your discretion while following
them. The author does not guarantee legal validity of
the tips contained herein.
Tel: 212-571-1898,​718-509-6542
​914-380-4209, 914-481-3450
www.johncranebankruptcy.com

2. Process for filing Bankruptcy
What is Bankruptcy?
• Bankruptcy is the legal procedure that a person undergoes when he
is unable to pay back his debts. It is a legal process that establishes
that a person is no longer able to pay back his debts as promised.
• The result is that once the bankruptcy is discharged his creditors
loose legal rights to try and recover the money or file a lawsuit in
court regarding their claim. So, Bankruptcy is the best option to
eventually help you get back on your feet.

3. Filing bankruptcy starts with gathering
information
• First of all you should document all of your income for the
past several months. This would include any tax refunds,
dividends, paychecks, gifts, annuities, and interest.

4. • This is meant to help calculate the reasons why you are filing
bankruptcy. Your amount of income will help to determine
what chapter of bankruptcy that you can file for.

5. Gather a list of your possessions and assets
• This will include any mortgages, cars, jewelry, valuable
household goods, clothing, stocks or bonds, bank accounts,
checking, savings, cash, CD’s, retirement accounts, and
anything else that might have value.
• This helps the state determine what can be saved and sold at
auctions to help pay off your debt.

6. Get a list of your debts
• Debts include credit cards, loans, settlements, house
payments, etc.
• After collecting all the above information you are ready to file
a petition.

7. Hire an experienced Bankruptcy lawyer
• Bankruptcy law is very complex to understand. But with
the right kind of attorneys to represent you in court, it will
not be tough or stressful.
• If you directly handle the case without having any legal
knowledge, you could lose the assets you are trying to
protect. So, it is always good to hire an experienced
Bankruptcy lawyer for the successful completion of the
job.

8. Contact us:
John M. Crane, P.C.
Bankruptcy attorney, White Plains, Manhattan
​Tel: 212-571-1898,718-509-6542
​914-380-4209, 914-481-3450
www.johncranebankruptcy.com