|
Bankruptcy Mistakes
Once the decision has been made to file a bankruptcy petition, the
petitioner must avoid the following:
- Using credit cards
- Transferring
balances between credit cards
- Taking cash out of retirement accounts
- Hiding cash or other assets
- Transferring money or property to friends or
relatives
- Using cash advance accounts
- Giving a gift to anyone
- Paying any
money to friends or relatives
- Borrowing or lending any money
- Failing to
list a debt owed to a friend or relative
- Filing a petition if you are
expecting an inheritance before discussing the matter with an
experienced bankruptcy attorney
- Filing your tax returns if you are
expecting a refund before discussing the matter with an experienced
bankruptcy attorney
- Gambling
- Misrepresenting any facts to your attorney
- Writing any NSF checks
- Omitting any creditor from the list of creditors
- Omitting any assets from the list of assets
- Getting married if your
future spouse has a high income
- Failing to advise your bankruptcy
attorney about any liens or judgments that you owe or that run in your
favor
- Making any significant financial decisions before discussing them
with an experienced bankruptcy attorney
|
