Essential DON’Ts to Consider When Filing for Bankruptcy
Considering bankruptcy? It’s important to avoid certain actions that could complicate your case. Our Kansas City Bankruptcy Attorneys at Walden Legal Solutions are here to help you navigate this challenging time.
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Key DON’Ts Before Filing for Bankruptcy:
- DON’T feel bad about considering bankruptcy: Life happens, and often, relief from debt stress can improve your well-being. Contact our attorneys to discuss your options.
- DON’T continue using credit cards: Purchases over $800 within 90 days of filing may lead to non-dischargeable debt.
- DON’T take cash advances: Advances over $1,100 within 70 days of filing can result in non-dischargeable debt.
- DON’T pay off creditors without advice: Payments over $600 to relatives or unsecured creditors before filing can create preferences.
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Key DON’Ts During Your Bankruptcy Case:
- DON’T ignore Trustee requests: Non-cooperation can lead to discharge denial.
- DON’T sell or transfer property: Always consult your attorney first.
- DON’T continue paying dischargeable debts: Save your resources; refer creditors to your lawyer.
- DON’T forget to list creditors: Ensure all are notified to avoid continued contact.
- DON’T hide information: Full disclosure to your attorney and Trustee is crucial.
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Financial Decisions to Avoid:
- DON’T withdraw from retirement accounts: Consult a lawyer before using these funds.
- DON’T refinance your home: Speak with an attorney to determine the necessity.
- DON’T incur new debt: Avoid anticipating bankruptcy with additional debt.
Don’t hesitate to contact us for your free bankruptcy consultation to ensure you’re on the right path.