Debt Solutions
Bankruptcy Preparation (Do's & Don'ts)
- Do's
1
Talk to a bankruptcy attorney to see if you qualify
2
Stop using credit cards immediately
3
Gather documents
- 2 years’ prior tax returns
- 6 months bank statements for all personal and business bank accounts
- 6 months’ pay stubs or evidence of all monies received (i.e. Award letters, proof and loss statement, child or spousal support orders)
- Copy of driver’s license and social security card
- Copy of most recent credit statements
- Copy of recent automobile statements or other
- List of expenses & assets
- Copy of retirement statements
- Copy of investment account statements
- Copy of lawsuits, HOA, and mortgage statements
- Copy of bank levies, wage assignments, or property liens
- Don'ts
1
Do not transfer property
2
Do not charge on credit card
3
Do not incur new debt
4
Do not hide assets
5
Do not wait to file unless directed by your attorney
6
Do not pay back family and friends
7
Do not make luxury purchases
8
Do not withold information
Further reading
Bankruptcy Myths
Understand common myths of bankruptcy Continue reading ➝
The Process
Learn the bankruptcy process & what to expect Continue reading ➝
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- Phone: 909-342-6229
- Fax: 909-583-9308
- Email: douglaslawpractice@gmail.com