Documents required for bankruptcy

In the event that your bank or financial institution is facing bankruptcy, either through voluntary or involuntary dissolution, there are several documents that need to be filed to the relevant regulatory body. Individuals and companies are advised to consult an attorney or business professional to ensure that the process is completed in compliance with the correct regulations.

Relevant documents required when filing for bankruptcy

When an individual or company wishes to file for bankruptcy, it is vital that they follow the correct procedure in order to ensure that their debts are dealt with appropriately. It is recommended that business professionals and large multinational firms filing for bankruptcy seek the assistance of a professional consultant and lawyer to make sure that they file under the most suitable law in the jurisdiction and that the bankruptcy agreement is drawn to suit the parties involved.

There are several documents that are required to be submitted to the relevant authorizing body. The following is a list of the documents although this list is not exhaustive;

  • Financial records – this includes bank statements, bills, payment coupons, invoices and receipts.
  • Documents of previous litigations
  • Files from attorneys
  • Documents detailing child support (where applicable)
  • Cancelled cheques for any unpaid expenses
  • Correspondence with creditors (including threat letter)
  • Insurance policies
  • Tax returns
  • Property leases and mortgages
  • Vehicle titles
  • Documents detailing any other lawsuits that individual or company has been involved in

The above is a general list of documents that individuals and companies will be expected to file with their completed official bankruptcy papers. The process of insolvency is often long and complex therefore it is important to seek professional advice and guidance to ensure that it is completed in a professional and timely manner.