Things to do or not do prior to filing bankruptcy, part 3

1. Don’t make major financial decisions without talking to your attorney.
2. Don’t get married before filing if your spouse has a high income.
3. Don’t misrepresent facts to your attorney.
4. Don’t run up your credit cards in advance of filing bankruptcy.
5. Do tell your attorney about potential claims or rights you have to sue such as worker’s compensation, personal injury, slip and fall, or automobile accident.
6. Do tell your attorney about all sources of money or income.
7. Don’t hide anything from your attorney.

Things to do or not do prior to filing bankruptcy, part 2

1. Don’t cash out retirement plans or 401(k)s.
2. Don’t take out a second mortgage.
3. Don’t hide, transfer, or give away property to anyone.
4. Don’t take out payday loans.
5. Don’t put your money in your children’s bank accounts.
6. Don’t omit a credit card so you can use after your bankruptcy.
7. Do list debts to family, friends, or business partners.
8. Don’t write bad checks.
9. Don’t borrow money.
10.Do tell your attorney about liens on your home or unpaid judgments so they can be avoided.

Things to do or not do prior to filing bankruptcy

1. Do tell your attorney about all accounts including checking, savings, credit union, or brokerage. Also include accounts closed within the past year.
2. Don’t use your credit cards.
3. Don’t take cash advances from credit cards.
4. Don’t do balance transfers.
5. Don’t pay back money to family, friends, or business partners
6. Do include all assets on your paperwork.
7. Do tell your attorney about your businesses including sole proprietorships, LLC/LLP, partnerships, or corporations.
8. Don’t make any major purchases prior to filing bankruptcy such as a home or automobile.
9. Don’t give gifts to anyone.
10.Don’t pay more than $600 on any past due bill.