14 Jun 33 Don’ts for Preparing to File Bankruptcy – Part 1
Of course, this is not an exclusive list of advice for preparing to file for bankruptcy relief. You should seek the advice of a local attorney in your state for more specifics applicable to your situation.
We’ll post the list of 33 don’ts in three installments.
- Don’t leave out bank, checking, savings, brokerage, and credit union accounts.
- Don’t file if your income is greater than your expenses.
- Don’t use your credit cards.
- Don’t take credit card cash advances.
- Don’t use convenience checks.
- Don’t do balance transfers.
- Don’t pay money to family.
- Don’t pay money to friends.
- Don’t tell a creditor that you intend to pay.
- Don’t leave assets off of your paperwork.
- Don’t file if you are about to receive a tax refund or inheritance.Discuss the timing with your attorney.
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