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Module 5

Preparing Your Information

5 min read

What Information Will You Need?

Bankruptcy requires a full and honest disclosure of your financial picture. This isn't about judgment — it's about accuracy. The more organized your information is before you start, the smoother the process will be.

The Four Core Categories

💰 Income

  • Monthly gross income (before taxes)
  • Income from all sources — employment, self-employment, rental, benefits
  • Your spouse's income (even if filing individually — used for means test)
  • Any changes in income over the past 6 months

📊 Expenses

  • Monthly housing costs (rent or mortgage)
  • Utilities, food, transportation
  • Insurance premiums
  • Medical and healthcare costs
  • Child care, education
  • Any other regular monthly expenses

🏠 Assets

  • Real estate (home, land, investment property)
  • Vehicles (cars, motorcycles, boats)
  • Bank and investment account balances
  • Retirement accounts
  • Personal property of significant value
  • Pending lawsuits or claims

📋 Debts

  • All creditors — credit cards, medical, personal loans
  • Secured debts — mortgage, car loan
  • Priority debts — taxes, child support, alimony
  • Account numbers and current balances for each
  • Any debts currently in collections

One Step at a Time

You don't need to have everything perfect before you start. JustiPal™ guides you through each section step by step, saving your progress as you go. Start with what you have.

This content is for educational purposes only and does not constitute legal advice. Consult a licensed attorney for guidance specific to your situation.

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