Bankruptcy is a tough time for the person undergoing bankruptcy. When you are filing a bankruptcy case, it will help you eliminate debts and start fresh. Filing bankruptcy is not easy and should not be taken lightly. Before proceeding you need to know everything about bankruptcy.
2. Bankruptcy is a tough time for the person undergoing bankruptcy. When you
are filing a bankruptcy case, it will help you eliminate debts and start fresh.
Filing bankruptcy is not easy and should not be taken lightly. Before
proceeding you need to know everything about bankruptcy. You need to be
aware of what you need to do and what you should not to do when you are
applying for bankruptcy. An experienced bankruptcy lawyer like Brian
Linnekens shares six things you need not do when you are filing for
bankruptcy. Always avoid mistakes which might create problems in your
bankruptcy.
Don’t abuse your creditors -
When you are filing for bankruptcy and creditors are calling you in spite of you
having filed for bankruptcy do not message back on your creditors message in
anger or frustration. It is important not to say anything wrong and not to be
abusive with your creditors. These types of mistakes might create problem for
you in your bankruptcy case. Don’t try to communicate directly with your
creditors, always ask your bankruptcy lawyer to give you the best advice;
advice that is always perfect for your situation.
3. Avoid moving assets –
It is important when filing bankruptcy to avoid moving assets, transferring,
selling or even hiding them. Don’t try to move assets because if the court
knows you are trying to it will amount to a fraud, your case may be dismissed
altogether. You need to talk to your attorney about your assets that you might
be considering to transfer. The bankruptcy attorney will help protect your
assets.
Don’t giving any false information –
This is really most important thing; don’t give any wrong information about
your property and assets when filing necessary paperwork. Always share
correct information with your lawyer so that he/she can fight for you. If you
don’t complete all information correctly and honestly there are chances that
the bankruptcy court might dismiss your case.
Don’t make any large purchase -
Don’t purchase anything new with your credit cards. When you know you
can’t pay your credit and loan. Avoid this type of mistake because it can
create more problems. In general bankruptcy rules if you are purchasing
luxury items during the 70 to 90 days before filing bankruptcy then it is
considered as fraud. Only use credit card to purchase items which are
considered as necessities.
4. Avoid failing to file income taxes -
When you are filing a bankruptcy, remember your taxes should be up to date.
If you want your bankruptcy to go fine remember that filing taxes is pertinent.
Before filing bankruptcy you need to check your income tax returns. It should
be filed properly because without your returns and completing paperwork it will
be next-to-impossible to consider your bankruptcy application for the court and
this might stop your bankruptcy in its tracks.
Don’t hire an inexperienced bankruptcy lawyer -
This is the biggest mistake many people make. Sometimes people just to save
money tend to hire a lawyer with low fee However one should understand that
every lawyer with a low fee might not be able to present you case properly to
the bankruptcy court. When you are hiring a lawyer for your bankruptcy case,
the lawyer should be local, experienced, professional, honest and well
reputed. If you are hiring an experienced bankruptcy lawyer, there is more and
more chance to get a good deal.
Article Resource - http://www.brianlinnekens.net/six-things-not-to-do-when-
filing-for-bankruptcy/