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Mistakes to Avoid
The most common mistakes to avoid with Bankruptcy
When you’re experiencing financial hardship, it’s tempting to do whatever it takes to alleviate the financial pressure. Below are mistakes to avoid when filing for bankruptcy:
- Do not use retirement funds to pay debts
- Do not purchase luxury goods and services on credit
- Do not take out cash advances
- Do not selectively pay debt
- Do not prepare bankruptcy paperwork carelessly or incorrectly (don’t provide inaccurate, incomplete, or false Information)
- Do not get new debt
- Do not move assets
- Do not fail to file income tax returns
If you or someone you love is seeking debt relief and has questions about bankruptcy, contact us today to arrange a free confidential consultation with bankruptcy attorney Scott F. Humble. Let his 30+ years of experience work for you.
Next Article: Life after Bankruptcy: Making a Fresh Start
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Filing for bankruptcy can feel like the end of your financial life, but it’s really the beginning. The New York Bankruptcy Guide was created by Jamestown bankruptcy attorney Scott Humble to show residents how to become free of debt without sacrificing their personal belongings. Download our FREE Bankruptcy Guide.
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