Official Form 410

Official Form 410, known as the Statement of Financial Affairs for Individuals Filing for Bankruptcy, is a legal document used in Chapter 7 or Chapter 13 bankruptcy cases. It requires the debtor to disclose detailed information about their financial history, including recent income, expenses, debts, payments made, and property owned. The purpose is to provide the bankruptcy court and creditors with a clear picture of the debtor’s financial situation to ensure transparency and fairness in the bankruptcy process. Accurate completion of this form is essential for a proper assessment of the debtor’s ability to repay creditors or have debts discharged.