What to NOT do before Filing Bankruptcy
Before filing a bankruptcy there are some things that you don’t want to do. The bankruptcy is a legal means to deal with creditors, but it creditors have rights too. If prior to the filing you go out and max out all your credit cards in a very short time both the creditor and the Trustee might have a right to object to your discharge. One person, a month before filing went out and used his credit card for the down payment on a new car. It was not the fact of the need to buy a new car it was the 8 thousand dollars he put on the credit card, He is having to pay it back! Going into Best Buy and buying that big screen TV and surround sound system you have been wanting. For two reason this could be a problem the first is the trustee has the right to see what you have bought and second if you used Best Buy credit the debt could be deem a secured debt. They have the right to have you return the TV or continue to pay for it.
The Bankruptcy laws are there to help us when thing have gone wrong. It can help us get down the road till thing get better. So if things have changed in your income talk to a Bankruptcy Attorney to see how the laws can Help.
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