Petition Drafting Tips
Practical tips and techniques for drafting accurate Chapter 7 and Chapter 13 bankruptcy petitions.
33 articles in "Petition Drafting Tips"
How to Properly Record the Debtor's Jewelry on Schedule B of the Bankruptcy Petition
Almost every debtor filing bankruptcy will have some type of jewelry. But about 50% of them do not list the jewelry on their Client Intake Forms. Why? Because the average debtor translates the...
Petition Drafting TipsTips for Inputting a 401K on Schedule B
Because most debtors do not think about a 401K being an asset, they will normally only record the deduction for the 401K on their Income Page.
Petition Drafting TipsTips for Inputting Cell Phones on Schedule B
If a debtor has a cell phone, it is normally not listed under "Household Goods and Furnishings" on Schedule B. Unless there is no lien against it or the cell phone has a market value of $199 or...
Petition Drafting TipsA Quick Lesson in Bankruptcy Exemption Allowances
The information contained in this article is solely intended to increase the skills of paralegals and other legal staff who are employed virtually or non-virtually by bankruptcy attorneys.
Petition Drafting TipsBankruptcy Petition Drafting Tip 6
Every bankruptcy court has its own local rules — and ignoring them can derail a 341 meeting. Learn where to find your court's local rules before you file.
Petition Drafting TipsBankruptcy Petition Drafting Tip 2
Learn how to run a lien search on real estate owned by bankruptcy debtors, identify lienholders, and uncover foreclosures or judgments before drafting the petition.
Petition Drafting TipsBankruptcy Petition Drafting Tip 3
WARNING: This information is not to be used by non-attorneys to prepare bankruptcy petitions for the general public. The information is solely intended to train legal professionals working under the...
Petition Drafting TipsBankruptcy Petition Drafting Tip 5
What happens when a debtor's income changes mid-filing? Learn how a promotion from part-time to full-time affects Schedule I and the Chapter 7 means test.
Petition Drafting TipsBankruptcy Petition Drafting Tip 4
Exemption allowances vary significantly by state — see how Arizona's $100,000 home exemption compares to Ohio's $5,000 and why this matters for every petition drafter.