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Don’t Make These Common Bankruptcy Mistakes

If you are planning to file for bankruptcy, it is important that you do not make any of the following mistakes:

  • Do not try to hide any of your debts or assets or attempt to transfer your assets or property into another person’s name or account. Not only could your case get denied, but you could face fines, penalties, or imprisonment.
  • Don’t tell your creditors that you plan to repay them. If you do, they will expect to be paid, and could bring it up at the trustee hearing.
  • Don’t give your friends or family any money. If the bankruptcy trustee finds out about this, he can take the money from your friend or family member.
  • Make sure you are completely truthful with your attorney. If your attorney doesn’t know the full details of your situation, you could lose your case.
  • Don’t run up your credit card bills thinking you can just eliminate your debt through bankruptcy. Not all debts can be discharged, and you don’t want to be stuck paying for something you don’t need.

At the Law Office of Teresa Beyers, we understand that filing for bankruptcy is an incredibly complex process where mistakes are bound to happen. If you are planning to file for bankruptcy, you can depend on an attorney at our office to guide you through each stage of the bankruptcy process to reduce your chances of making a mistake. Even one mistake can halt the progress of your case and or affect the success of your case altogether. Protect yourself by obtaining professional guidance and making sure your petition is as strong as possible. Contact a Los Angeles bankruptcy attorney at the Law Office of Teresa Beyers today!

Categories: Bankruptcy