Six things not to do when filing for Bankruptcy

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.

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.

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.

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 are more and more chance to get a good deal.

Article Resource – http://www.brianlinnekens.net/six-things-not-to-do-when-filing-for-bankruptcy/

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s