Mistakes To Avoid In Bankruptcy
While bankruptcy provides you with debt relief and a way to get back on your feet financially, it’s a process. In some cases, you may be better off seeking other methods of debt relief, but to be sure about your course, and work with a professional, experienced lawyer.
When you work with a lawyer, you have a better chance of avoiding mistakes such as providing inaccurate information. In cases where the courts don’t receive the right information, your petition for bankruptcy could be denied, or some of your debts would be outstanding even after you filed. Heavy fines and jail time are other hazards of filing incorrectly.
At Engel Law Group, P.S., we will assist you in filing a petition and other legal aspects of your case. Bankruptcy procedures can be confusing. Our firm will help you through the entire process, and ensure you are in compliance with all requirements.
Filing For Bankruptcy: Get Legal Help
Here Is A Partial List Of Mistakes To Avoid If You Are Planning On Petitioning For Bankruptcy:
- Transferring your property to another individual – This can be reversed by the court if it is determined that the property was transferred to avoid paying creditors.
- Missing a court appearance in a collection case – You must keep any scheduled court dates regarding pending collection lawsuits.
- Repayment of family members – Money owed to members of your family cannot be paid back faster than money owed to creditors.
- Running up credit cards before filing – Credit card charges that occur just prior to filing for bankruptcy may not be discharged if your petition is approved.
Contact Engel Law Group, P.S., for competent bankruptcy advice and help in filing your petition.