33 Don'ts Before Filing Bankruptcy

[simon2020]

I found this link very helpful.

33 Don'ts Before Filing Bankruptcy


Don't forget to list all your bank, checking, savings, brokerage, credit union accounts.
Don't file if your income is greater than your expenses and you can pay your bills.
Don't use your credit cards.
Don't take credit card cash advances.
Don't use convenience checks.
Don't do balance transfers.
Don't pay money to family.
Don't pay money to friends.
Don't tell a creditor that you intend to pay.
Don't leave assets off of your paperwork.
Don't file if you are about to receive a tax refund or inheritance. Discuss the timing with your attorney.
Don't fail to tell your attorney about your small business, sole proprietorship, partnership, LLC, LLP, LC, corporation, or hobby, or your cosmetics sales.
Don't purchase a home shortly before filing bankruptcy without consulting your attorney.
Don't give or gift property to anyone; don't accept gifts of property.
Don't pay more than $600 on any past due bill.
Don't transfer property to anyone.
Don't cash out retirement plans or 401k's.
Don't take out a second mortgage.
Don't gamble.
Don't hide assets or debts.
Don't take out 'payday loans'.
Don't put your money in your kids' bank accounts.
Don't omit or 'save' a credit card for after your bankruptcy.
Don't fail to list debt to family or other 'insiders.'
Don't write bad checks.
Don't borrow money.
Don't forget to tell your attorney about liens you may have on your home or unpaid judgments so they can be avoided.
Don't make major financial decisions without talking to your attorney.
Don't get married before filing if your spouse has a high income.
Don't misrepresent facts to your attorney.
Don't run up your credit cards in advance of filing bankruptcy.
Don't fail to appear at State court hearings, trial or proceedings; coordinate with your attorney.
Don't hide from your attorney. Keep her up-to date with your address, phone number and email address.

Source: http://www.bankruptcykansas.info/200...le-bankruptcy/

[okiemom2008]

Thanks!

[catleg]

33 "Don't Get Caughts" :-)

[simon2020]

[HHM]

Don’t file if your income is greater than your expenses and you can pay your bills.

I think that one needs to come with an asterisks; even if you have more money coming in than your expenses, it may still make financial sense to file a bK.

But otherwise a good list.

[simon2020]

Thanks HHM -- but what about my main question -- should I use whatever credit I have in my CARE CREDIT card and just tell me my attorney the balance went up before he makes me sign he final petition. (He's preparing the paperwork right now in anticipation to file on 3/1/09)

Thanks!

[Dst1]

I think that one needs to come with an asterisks; even if you have more money coming in than your expenses, it may still make financial sense to file a bK.

But otherwise a good list.

[Flamingo]

Thanks HHM -- but what about my main question -- should I use whatever credit I have in my CARE CREDIT card and just tell me my attorney the balance went up before he makes me sign he final petition. (He's preparing the paperwork right now in anticipation to file on 3/1/09)

Thanks!

I think that is a question you should direct to your attorney since you have already provided him with all your financial information for filing.