Richmond, Va. Upon filing for Chapter 7 bankruptcy, an interim trustee is appointed to review your case. The trustee is a bankruptcy attorney that has been appointed to the panel of trustees to review bankruptcy cases. They owe a fiduciary duties to the creditors of your bankruptcy estate. In order to review your case, the trustee needs to review the following documents:
General Financial Documents
- Copies of your taxes for the last two fiscal years.
- Wages statements for the last six months.
- Bank account statements for the last two months.
- Copies of life insurance policies.
- Copies of 401k or retirement account statements.
- Copies of all law suits, complaints, warrants in debt, and/or garnishments filed against you.
- Copies of vehicle titles.
- Valuation for vehicles (Blue Book, CarMax, or Dealer Appraisal).
- Payoff statements for any vehicle loans.
Real Estate Documents
- Copies of Deed to all parcels of real estate owned by you.
- Copies of all mortgages secured by real estate.
- Payoff statements for all mortgages.
- Copies of most recent tax assessment.
These documents help the trustee determine if there are any unexempted assets which they can liquidate. Normally, the trustee only seeks to liquidate those assets that are easily liquidated (cars, real estate, investment accounts, etc.).
With offices in Richmond, Glen Allen, and Hopewell, Ronald Page, PLC services the Virginia Capitol area including Richmond, Henrico County, Chesterfield County, Hopewell, Petersburg, Hanover County, Caroline County, Powhatan County, Prince George County, Goochland County, New Kent County, and Amelia County.