Most debtors who file bankruptcy want to complete the process as soon as
possible to get the relief they need. Yet, doing certain actions beforehand
can hinder the end result of your case. Consumers are encouraged to learn
about the filing process, but you should also keep in mind of actions
to avoid if you are considering legal protection. It bears repeating things
to avoid since some people think they can do these things and get away
with it, but they can make the situation even worse.

  1. Ignoring collection attempts from creditors. Many debtors are known for waiting too long to get the filing process
    started. The longer you wait the more likely
    foreclosure, or wage garnishment may happen when you least expect.

  2. Failing to file income taxes. Your taxes should be up to date when you file and they are important for
    Chapter 13 bankruptcy filers to help determine monthly payments. Your case could be dismissed
    if taxes are not in order.

  3. Moving your assets. Transferring, selling, hiding, or safeguarding assets may lead to fraud
    charges. Talk with your attorney about exemptions to help legally protect
    your assets.

  4. Giving false information. It is important to be honest when filing necessary paperwork and when
    you discuss your situation with your attorney. Documentation and schedules
    should be accurate, complete, and concise. Because you are under oath
    when you present such details you could face fraud charges, be denied
    discharge of debt, or have your case dismissed.