When we first meet we will go through everything that pertains to your financial life including:
Your debts – It is important to provide a thorough list of all your creditors, the current balances, interest rates, and all other relevant information. This includes any debts that you are currently paying and debts that won’t be discharged such as child support or student loans. Toscano & Wilson will also offer to purchase your credit reports, at cost, when we first meet with you.
Your income – You will need to disclose all sources of income you have received over the past 6 months and any money you expect to receive in the future and where it comes from. This includes wages, unemployment compensation, side jobs, or small businesses, investments, support, and money contributed by your spouse and family members.
Your assets – You must include everything you have that has value. Not only does this include your home, vehicles, investments, collectables, and art, but also clothing, home furnishings, and valuable personal possessions.
Your expenses – This includes all costs such as rent, mortgage, car payments, food, utilities, medical expenses, clothing, transportation, taxes, and any other expense.
We will also review and prepare other requirements to file such as credit counseling and the means test.