Welcome to the Online Bankruptcy Questionnaire for Clients of our Maryland Bankruptcy Attorney

BANKRUPTCY QUESTIONNAIRE

*** NOTE: You should speak with a Maryland bankruptcy lawyer prior to starting this interview. Please call 301-805-5892 if you have not spoken with an attorney at Adams Law Office, LLC.

INSTRUCTIONS: Bankruptcy is a time honored practice that affords honest debtors the opportunity for a fresh start. Everyone filing a bankruptcy has experienced financial problems beyond his or her control. The court, trustees, and Adams Law Office, LLC (" ALO ") understand this and we hope to be able to help you out of your financial crisis. In order to help you get the relief to which you are entitled, you must make full disclosure of all your financial affairs. All information provided during your case must be complete, accurate, and truthful.

•  Answer all questions. If the answer to any question is "None," or the question is not applicable, mark the box labeled "None." If additional space is needed for the answer to any question, enter the information on a separate sheet properly identified with the number of the question and bring it with you to our initial meeting.

•  Assets. PLEASE LIST ALL OF YOUR ASSETS. In all likelihood you will retain most, if not all, of your assets after the bankruptcy. Do not jeopardize your discharge by omitting anything. You can list assets by groups of similar property, e.g. "furniture," "clothing," "personal effects," etc. Provide the replacement value of each asset, which the price a store would charge for the property of that kind considering the age and condition of the property. If you own real estate or automobiles, unless instructed otherwise, bring a copy of your deed with you to our initial meeting.

•  Debts. PLEASE LIST ALL OF YOUR DEBTS. You may plan to repay some creditors, including relatives and friends, but you must nevertheless list them as creditors. The procedure for "reaffirming" a debt to a creditor and/or how to go about repaying your relatives or friends will be discussed with you. If you have debts that are disputed, list them. If you have potential debts for which no one has yet made a direct claim against you, list them. If in doubt as to whether a creditor should be listed, list them. Failure to list a creditor can result in you not being discharged of your obligation to that creditor. • 

•  Executory Contracts. These are contracts such as leases, real estate contracts, health clubs, time-shares, etc., for which either or both parties to the contract have not yet fully performed their obligations under the contract. In all likelihood you should also list these parties as creditors too.

•  Codebtors. Your codebtors are obligated to pay the debts you do not. For most people, a codebtor is just someone who cosigned a loan. However, partners, spouses and others who are not part of your petition may be liable on many of your debts without actually cosigning anything. If this is your situation you will need to bring additional sheets listing all debts for which someone else may be jointly liable.  

•  Income. If you are employed, you will need to bring the last 60 days of paystubs to our initial meeting. If you are self-employed or you are a corporation or partnership, bring a financial statement showing your monthly income.

•  Expenditures. The Chapter 7 trustee scrutinizes budgets for abuse and the information provided can be audited.