IMPORTANT: The Bankruptcy Reform Act of 2005 requires that every Debtor provide a complete and accurate listing of all of their assets and liabilities (debts).  Should you fail to provide correct information, then your bankruptcy case can be dismissed and the Court can impose sanctions, including criminal sanctions.

All the information on your bankruptcy documents must come from reliable sources. You will be asked to determine the value of your assets. It is your responsibility to obtain these values and retain proof of the source of the values (if possible). If you use the Internet, classified ads or other source for the values, please save a copy.

Below is all the information that you will be asked about when entering the data at Rapid Imports. It is very important you complete this information to best of your ability and knowledge. This information will be used to prepare your bankruptcy documents.  It is very important that you completely fill in all applicable areas.  Please do not be lazy and fill out the form with the thought that you will "gather the information later".  This will delay the process and frustrate you even more than you already are.

Keep in mind: it is easier to gather all of your information before you begin Rapid Imports.  But the process can take some time depending on your unique circumstances.  Therefore, you can stop at any time by clicking on the FINISH LATER link at the top of the page. This will then save all your information.  When you return to enter more data be sure to use the same social security number or you will be asked to start as though you were a new visitor.

Rapid Imports will ask for the following information in the same order as these instructions.  Rapid Imports is encrypted using 128-bit SSI, the highest level of encryption that US export law allows. Therefore, this is a secure web site - your answers will only be accessible by our office.

IF YOU ARE MARRIED: the husband’s information needs to be first and the wife’s information entered as "Spouse"; no matter who is filling out the form. The standardized bankruptcy documents require this procedure to be followed.

1.) General Information: (Husband First)

            Name, Phone Numbers, Address, Mailing Address (if different from mailing address)

The following areas will ask for: Brief Description, Estimated Value, Location of the Property, and who the owner is.

2.) Property: (this is ALL of your assets)

        A)    Real Estate Property  (land, house, townhouse)

               Example:                   Brief Description:                                   3 bed / 2 bath / 1800 sq ft,
                                                List the month & year the property was purchased
                                                Estimated Value:                                   $__ (what would your property sell for today)
                                                Where is this property located?:              Address
                                                Owner:                                                 Husband, Wife, Joint? 
Normally a realtor can help you with the current fair market value of your property.

         B)   Personal Property: These are items that you own (not that you are holding for someone else):

                      Estimated Value:                      yard sale, park-n-swap, pawn shop or actual stated value (for instance your IRA), do not use insured value.  If you are not familiar with yard sale values - then take a Sunday and visit a few.  These amounts are based on your opinion, there is not web site which gives you the resale value of furniture or appliances. 
                      Where is the property located?  Debtors residence, storage unit, another address, etc..
                      Owner:                                    Husband, Wife, Joint?

            1) All Checking, Savings, or other financial accounts (excluding IRA’s)
            2) Security Deposits not yet returned to you
            3) Household goods or furnishings:  The easiest way to do this is to inventory the large and/or expensive items in your home and storage. Do not forget items that you may have in a storage unit, something someone else may have of yours, or your garage.  **NOTE: There is only room for 100 characters in the description. Combine as many as items as possible and then combine the total yard-sale value of the items listed for the Estimated Value. Make as many of these combined entries as you need.

                        Example:  2 couches, love seat, 2 end tables, coffee table, 6 lamps, 2TV/stands, 2 book shelves
                        Estimated Value (yard sale value):       $250.00
                        Where is the property located?            Debtors residence, storage unit, someone’s house, etc..
                        Owner:                                              Husband, Wife, Joint?  If purchased while married then the owner is "joint"

            4) Books, music, collectibles, or other art  do not list all your books, CD, etc, just state "library" and identify the yard sale value
            5) Clothing - do not list all your clothes, just state "clothing" and identify the yard sale value
            6) Furs and Jewelry - list watches separately, list wedding/engagement rings separately, list all other jewelry in one lump sum
            7) Firearms or other hobby equipment
            8) Interest in Insurance policies
            9) Annuities
            10) Interest in education IRA’s
            11) Interest in and IRA or other pension plans
            12) Stock or interests in any businesses
            13) Interest in partnerships or joint ventures
            14) Government or corporate bonds
            15) Alimony or support which you are entitled to but have not yet received
            16) Any debts owed to you, including a tax refund
            17) Future Interest, Life estates, special rights, or powers
            18) Death benefit plans, life insurance policies, or trusts
            19) Any unliquidated claims (An unliquidated claim cannot be mathematically calculated or is subject to a contingency - that means no one really knows how much you owe)
            20) Any patents, copyrights, or other intellectual property
            21) Any Licenses, franchises, or general intangibles
            22) A customer list from any businesses you operated in the last 8 years
            23) Automobiles, Trucks, Trailers, or other ground vehicles.  You may use the following websites to help find the value of vehicles:  www.kbb.com, www.edmunds.com, www.nadaguides.com, www.redbook.com, www.carquotes.com

            24) Boats, motors, boat accessories
            25) Aircraft or accessories
            26) Any Animals
            27) Any other personal property not listed above.

3)  Debts: list ALL debts that you owe - NO EXCEPTIONS.  Yes, this includes money that you owe your friends and family.  Yes, this includes debts on your home, car, credit cards, family doctor, etc.  Again, NO EXCEPTIONS.  Use your bills/statements, prior records, check books, credit reports to remind you of all your bills, even those that have been "written off or charged off" because you still owe the debts; years from now they could be sold to a collection company who will then sue you.

You will need the following information for each of your creditors.  A "creditor" is anyone that you owe money to or you have an obligation to (such as a contract - lease, etc).  A "creditor" is also someone who has a current or potential right to sue you, or is trying to collect on any debt that you owe.  Make sure to list anyone who is a party to a lawsuit (other co-defendants), a party to a contract (such as a short sale or agreement), list your broker/agent from the short sale, and the agent/broker for the other party.  List all insurance companies from any accidents and anyone involved in the accident (driver and passengers), plus their attorneys (if any).  List people or entities even if you believe they do not have a right to sue you.  List all debts owed to utilities, telephone, gym, etc (unless these are related to bills that you want to keep paying).  It is best to have too many creditors listed than to fail to list a creditor who sues you after bankruptcy.

Make sure to include any contracts you want to eliminate, such as: phone contracts, leases, security contracts, phone service or gym memberships.

Secured Creditors: this is a creditor that has a lien or interest in something, such as a house, car, furniture, etc.  So when filling out your secured creditors make sure to include a homeowner's association, or anyone else that you make payments to for your home, car, furniture, jewelry, etc.

Unsecured creditors: include everyone who is not a secured creditor.  Include collection companies and attorneys.

      1)     Creditor's Name
2)     The law requires that you list all addresses for every creditor received on any mail within the 90 days prior to filing your bankruptcy.  There are usually 2-3 addresses on each statement or bill.  Make sure to check the front, back, and all the fine print.  If you have several credit cards or debts with the same creditor then list all account numbers on the same entry line.  There is no reason to list the same address more than once.  You also should list all addresses on your credit reports or on any mail received prior to the 90 days.  If you do not have any bills/statements then use your prior records and the Internet.  We expect to see 2-4 addresses for each credit card company.
3)     Account Number *a collection company's account number may be different than the original creditors account number*     
4)     Who is responsible for this debt: if you are married and the debt was opened while married then it is a "joint" debt.  If you were not married when the debt was opened then list the debt as "husband" or "wife".
5)     Date Incurred: (this is the date you opened the account, you can sometimes find this date on your credit report)
6)     Amount Due: (do not worry about the amount changing, Do Not round numbers, Use the amount due on the most current statement that you have).  List the amount owed on the original creditor.  Otherwise it will appear that you owe far more than you really do.  Do not list the collection company as being owed any money - that should already be listed on the original creditor's entry.
7)     What type of debt? (car, house, credit card, medical bill, etc...)   
8)     If this account has been assigned to another company, such as a collection agency or attorney, you will need the following information: Assignee Name, address, and account number.  List "notice only" in the amount owed or leave blank.  Make sure to list the amount owed on the original creditor's entry.
9)     If anyone, other than your current spouse, co-signed on this debt you will need the following information: their name, address, and any additional names they may have used in the last 6 years 

IMPORTANT NOTE: Most likely there will not enough room for you to enter all the addresses for all the creditors, collection companies and/or attorney’s, you may add them as a new entry, please refer to them as “COLLECTION COMPANY -or- ATTORNEY FOR ________ -fill in the creditor’s name”

Example:  ABC Collection Company
                Address
                Account number
                Notice Only - do not list any amount (that should have been listed for the original creditor)
                Collection company for (name of original creditor)

Do not use parenthesis ( ) in your addresses.

** VERY, VERY, IMPORTANT REMINDER!! THE LAW REQUIRES THAT YOU USE ALL ADDRESSES AND ACCOUNT NUMBERS ON ANY STATEMENTS/BILLS/CORRESPONDENCE RECEIVED FROM THE CREDITORS OR THEIR COLLECTION COMPANIES IN THE LAST 90 DAYS PRIOR TO FILING YOUR BANKRUPTCY.  If you do not, then the creditor's debt may not be erased as part of your company's bankruptcy.  Here is the proper process (1) list the addresses from the statements/bills (there are usually 2-4 addresses on the front and back of the statement/bills), (2) then list all creditors or collection companies you have not received bills from in the last 90 days.  To find these addresses use your prior records, credit reports and, only if you cannot find any information, then use the Internet.  Credit reports are rarely accurate or complete and many medical creditors are not listed. 

It is very important that you list the correct addresses for all your company's creditors and collection companies.  If we are given a wrong address then the Post Office will return the bankruptcy notice to me.  I will then return it to you.  You must then obtain a better address, send it to us, we then file it with the Bankruptcy Court.  Of course, this office and the Court will charge a fee for that amendment.  If the creditor does not receive notice of your bankruptcy, then they are able to sue you after the bankruptcy is completed.  

4.) Dependants:     You will need to list anyone that you can claim as a dependant on your tax returns or lives with you, even if they cannot be claimed.

5.) Income:  The Bankruptcy Code requires that all debtors provide the total amount of income they have earned in the last full six months before filing their bankruptcy case. This includes all commissions, bonuses, gifts given on a regular basis, etc. Gather all that information so you can discuss it with Ms. Drain.  You will need copies of all pay stubs, 1099’s or other evidence of payment received in the last 6 months.

* Please remember, if you are married, enter the husband’s income information first, then the wife as the "spouse".*

 You will need to list:
A)    Your occupation(s)
B)    Employer Name
C)    Employer Address
D)    How long you have been employed there
E)    And a current pay stub showing all of your withholdings

6.) Expenses: (monthly)  You are also required to list all normal monthly expenses. Review your bank statements, bills, and pay close attention to those bills that you only pay periodically, like car insurance, or car registrations that are sometimes paid quarterly, semi-annually, or annually.           

Rent / Mortgage
Utilities:
            ~ Electric
            ~ Water / Sewer
            ~ Phone
            ~ Other
General Expenses:
            ~ Home Maintenance
            ~ Food
            ~ Clothing
            ~ Laundry / Dry Cleaning
            ~ Medical / Dental (other than premiums deducted from any pay checks)
            ~ Transportation (gas / vehicle maintenance)
            ~ Recreation
            ~ Charitable Contributions
Insurance:
            ~ Homeowners / Renters (only if it is not included in a mortgage or rent payment)
            ~ Life Insurance
            ~ Health Insurance (other than premiums deducted from an pay checks)
            ~ Auto Insurance
            ~ Other (please specify)
Installment Payments:
            ~ Auto
            ~ Other (please specify)
Other Monthly Expenses:
            ~ Taxes
            ~ Alimony
            ~ Payment for Dependants
            ~ Business expenses
            ~ Miscellaneous (please specify)

7.) Previous Income:

           You will need to have all pay stubs for the last six full months.  For instance, if today is March, 13^th, 2008, you will need all pay stubs back to September 2007). You will also need the last two full years of annual income. For instance: if it is March 13^th, 2008, you will need what you have made so far in 2008, and what you made in 2007 & 2006.)

*Again, if you are married, enter the husband’s income information first, then the wife as "spouse".*

You will also be asked to enter any other type of income (other than from employment) for the past two years.

8.) Financial Affairs:

            You will need to list the following: 

            ~ Payments to any creditor totaling more than $600.00 in the last 90 days
            ~ Any debts repaid to relatives, friends, partners, or business associates in the last 12 months
            ~ Any lawsuit or legal proceeding you have been involved in, in the last 12 months.
            ~ Any property taken or wages garnished as a result of a lawsuit or legal preceding in the last 12 months
            ~ Any property repossessed, sold in a foreclosure, or returned to the seller in the last 12 months.
            ~ If you have signed over of any rights in any of your property to any creditor in the last 4 months
            ~ Custodian or court appointed person who took custody of any of your property in the last year
            ~ Any charitable Contributions over $100.00 in the last year
            ~ Any single gift to family members worth more than $200 (fair market value) in last 12 months.
            ~ Any losses due to fire, theft, other disasters or gambling in the 12 months
            ~ Any payments made for debt counseling ( including your attorney) in the 12 months. 

9)   Leases and executory contracts: list all leases and contracts: this includes leases of apartments, cell phones, gym memberships, etc.

10) PLEASE READ - THIS IS VERY IMPORTANT: At the end of filling out all the information you can press "complete".  At that time an e-mail will be sent to our office indicating that you are done entering all the data.  THEREFORE, DO NOT PRESS COMPLETE unless you are really through.  If you press "complete" and then realize that you forgot some information you must call us to make certain that we have not already downloaded your data. Once we have downloaded your data you must not make any changes in the Rapid Import because the changes will NOT be included in the documents on file with our office. Again, just call us for directions on how to handle this situation. 

11)  GOOD NEWS: Now that you have followed these directions the bulk of the hard work is done.  Therefore you are now more than half way done with this extremely complicated process.  I know you have done your best to complete this information and we will review everything when you and I meet.  Thank you so much for your dedication in helping me help you.  I look forward to working with you. 

12)    Your next assignment - take yourself out and do something you like - movie, dinner with a friend, etc.  You earned it.

Call our office if you have questions that are not answered on this page.  PLEASE REMEMBER YOU ARE NOT ALONE.  WE ARE HERE TO HELP YOU, BUT FIRST YOU MUST DO YOUR BEST TO GIVE US ACCURATE INFORMATION.

                                                  Diane L. Drain