GETTING READY TO FILE BANKRUPTCY
- Gather documents (bank statements, insurance policies, paycheck stubs, etc.)
- Review “Chapter 7 Bankruptcy Mistakes”
- If you owe money to a financial institution in which you have a checking or savings account, it is advisable to close these accounts before filing bankruptcy.
- Consider the assets that you have (business ownership, commercial property, tax refunds)
- Locate the needed funds for filing a bankruptcy (attorney, filing & credit counseling fees)
- Locate an Attorney (preferably one Board Certified in Bankruptcy)
- Create a rough list of your liabilities (account numbers, account addresses, credit cards used within the past 90 days, any cash advances made within the past 45 days)
- Be aware that in a Chapter 13 Bankruptcy you are not allowed to accrue any debt
- Educate yourself on bankruptcy procedure
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