Before Filing Bankruptcy — What not to do
Before filing a bankruptcy there are some major things that you should not do! Do not go run up all your credit cards by doing such things as buying that big screen you have been wanting, using a credit card to get a cash advance in order to hide the money under your mattress, putting a down payment on a car, paying your mom the money that you owe her, or selling your extra car to your brother for a dollar to get it out of your name.
These types of things can cause serious issues under the new laws concerning your receiving a discharge of your bankruptcy. Under the new law the creditors have more of a right to argue about what you have done before deciding to file a bankruptcy. In light of these changes, be sure to inform your attorney about everything that you may have done before you filed bankruptcy. He or she can then advise you as to what particular actions should be taken, as well as what outcomes are probable. Remember that the bankruptcy laws are there to help us when there has been a major change in our financial life.
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