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Do not file when someone owes you
money (the trustee will take it to pay your creditors).
-
Do not pay friends/relatives
significant amounts of money within a year of filing bankruptcy.
-
Do not transfer assets out of your
name prior to filing bankruptcy.
-
Do not pay any unsecured creditor
more than $600 in the 90 days before filing bankruptcy.
-
Do not incur any additional debt once
you have contemplated bankruptcy as an option.
-
Do not charge on any credit card for
90 days before filing.
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Do not file if you anticipate an
inheritance within a year.
-
Do not file if you are intending to
sell your real estate soon.
-
Always remember to bring your drivers
license (or other picture ID) and your Social Security Card to your
meeting with creditors (§341 meeting).
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After you file you may get several
reaffirmation agreements. These are agreements between the creditor
and the debtor that the debtor will pay all or a portion of the
money owed, even though there is no longer a legal obligation to pay
the debt. DO NOT SIGN REAFFIRMATION AGREEMENTS !
More details available in our
Easy Guide to Bankruptcy |
