What Should I Avoid When Filing for Bankruptcy?

The word “bankruptcy” carries a lot of weight. If you are getting ready to file for bankruptcy, there is a good chance you are worried about what the future holds. Fortunately, bankruptcy has significantly improved the lives of many people across the country, virtually granting them a fresh start. However, the whole process can seem rather daunting, which is why it is always best to read up and speak with an experienced attorney before moving forward.

The more you read, the more you will learn what is expected of you. You will have to produce several documents regarding your financial situation, attend certain meetings, and more. However, there are several things you should avoid doing as well. If you would like to learn more about all things to avoid when filing for bankruptcy, please read on and reach out to our firm when you are ready.

Things to Avoid When Filing for Bankruptcy

  • Waiting too long. Though of course, it is best to first speak with an attorney and see if there are any other options outside of bankruptcy, you must file when the time is right and pay attention to all letters, phone calls, or court documents that you receive. Do not simply wait and allow these things to pile up until it is too late. Our firm is ready to get you started and help you along, every step of the way.
  • Do not behave underhandedly. Many people will try to transfer property out of their name, and into someone else’s, generally a family member or friend. However, the courts may see this as being intentionally misleading, and it may affect you negatively in the long run. Additionally, never omit or overlook any creditors from your petition to file, as this may also be seen as a fraudulent or misleading action by the bankruptcy court.
  • Never try to sell your property before you file, as you may actually have to pay double what you owe as a result. This, rather obviously, can put you in an even deeper hole than you began with.

If you need a quality bankruptcy attorney who is happy to inform you of all the do’s and don’ts of bankruptcy, simply reach out to our firm. We are here to help those in need.

Contact our experienced New York bankruptcy firm

Bankruptcy, for many people, is a frightening endeavor. Fortunately, with the help of an experienced attorney, it does not have to be. If you require the services of an experienced Business Law or Bankruptcy attorney, contact the Law Offices of Allen A. Kolber, Esq. today to schedule a consultation and discuss your options. We will have your back every step of the way.