Congratulations! You have taken the first step towards a debt free life by deciding to file bankruptcy. You need to consult with an experienced Waco bankruptcy attorney to help you moving forward, but here are some basic do’s and don’ts to get you ready to file bankruptcy. These do’s and don’ts are only guidelines and not intended to be a substitute for an experienced attorney’s advice.
Contact us today for a FREE, no-obligation consultation to see what an experienced Waco Bankruptcy Attorney can do for you!
Do’s Before Filing Bankruptcy
1) Breathe. Filing bankruptcy is scary for most people and the process can feel intimidating. You have heard horror stories about what bankruptcy is like and you feel out of control. We know. Just remember, there is a light at the end of the tunnel. Millions of people have filed bankruptcy and many are living the American Dream now. (maybe link to the Dave Ramsey blog?) Take a moment to look at my Myths about Bankruptcy page. (link to Myths about bankruptcy page that I need to write) Think about all the things you will be able to do once you are no longer scared to answer the phone, no longer throwing money at the credit card pit, think about the freedom you will find after the bankruptcy is over.
2) Be honest with your bankruptcy attorney. They work for you. I tell clients to just tell me the truth and I will deal with what the legal consequences are. That is why you hired an experienced Waco bankruptcy attorney.
3) If in doubt, disclose whatever it is to your attorney. I have couples in my office all the time where one person will look at their spouse and say “Do you think we should tell her about …?” Whatever it is, trust me I want to know.
4) Ask your bankruptcy attorney questions. If your bankruptcy attorney doesn’t have time to answer your questions, then they are not working for you. Filing bankruptcy is overwhelming and difficult to understand for the average person who doesn’t deal with bankruptcies everyday. Bankruptcy has its own language and rules that no one except an experienced bankruptcy attorney can understand. When the bankruptcy law changed dramatically in 2005, many good attorneys quit practicing bankruptcy rather than learn the new laws. I spend time with my staff to make sure that we are available for our clients when they have questions. Either I or one of my experienced staff will get back to you if you have a question. That is my promise to you.
5) Provide your Waco bankruptcy attorney the documents she requests and fill out the bankruptcy attorney’s paperwork completely and accurately. If you have problems, contact your bankruptcy attorney’s office and ask questions.
If you need help with overwhelming debt, please contact us for a FREE, no-obligation consultation with an experienced Waco bankruptcy attorney.
Don’ts Before Filing Bankruptcy
Bankruptcy is a great way to obtain a fresh start for the honest debtor. Below are some items that should be avoided if possible. If you are unable to avoid one of the items below, please discuss what you are doing with your experienced bankruptcy attorney first.
- Incurring additional credit card debt or borrowing more money.
- Loaning or giving money to friends or family.
- Giving or selling property to others without talking to your Waco bankruptcy attorney first.
- Paying money to family or friends.
- Transferring title on automobiles
- Leaving assets off of the paperwork you received from your bankruptcy attorney.
- Leaving creditors off of the paperwork you received from your bankruptcy attorney because you want to “save” a credit card.
- Bank where you owe money. If you bank where you owe money, the bank may freeze your bank account and your bankruptcy attorney will not be able to get the money back.
Don’t hesitate to contact us to learn more about what to do while preparing to file bankruptcy.