Listing Your Expense: Oklahoma Bankruptcy Filing

What is the Schedule J?
Schedule J consists of a list of your expenses. This includes but is not limited to rent or mortgage, car payments, insurance payments, and average expenses for food, utilities, gas and maintenance for vehicles, entertainment and charitable contributions. It is important that you are reasonable with these numbers. The idea is to keep your expenses reasonable. The worst thing you could do is exhibit to the trustee that you are living a lavish life-style. If necessary, make changes in your budget to bring it more in line with what is reasonable given your income. It is important that you are accurate but you need to use some common sense in coming up with your list of expenses for which you can provide proof should the Trustee request such. It is a good idea to hold on to receipts and copies of utility bills, credit card statements, car payment stubs, insurance payments, grocery gas and pharmacy receipts, etc for the few weeks prior to filing.