Facing bankruptcy is never easy, but you can take steps (and avoid others)
to make the legal process less overwhelming. In fact, what you do immediately
before filing can be just as important as how you navigate legal proceedings.
If you want to take the first step toward a debt-free future, follow these
Take a step back and relax. Any financial hardship is stressful, and filing for bankruptcy can be scary.
Before you start the bankruptcy process, focus on the positive aspects
of filing, such as no longer being afraid to pick up the phone and talk
to debt collectors. Even if you’ve heard about bad experiences with
bankruptcy from other people, these situations don’t have to apply
to your unique situation.
Ask your attorney questions. The key to a successful bankruptcy is asking the right questions. Make
sure your lawyer understands every facet of your financial circumstances.
The most important thing is to always be honest; do not conceal any information
from your attorney, even if it seems embarrassing.
Handle the paperwork. If your lawyer needs financial documents, make sure you provide them.
The sooner you can yield the information your legal counsel needs, the
faster you can move toward a secure financial future. Additionally, only
provide information that is 100% accurate, to the extent of your knowledge.
A simple mistake during the bankruptcy process can affect your case and
your life for many years. Here are a few things to avoid before you file:
- Loaning / giving money to your friends or family members
- Incurring additional debt on credit cards / borrowing money
- Failing to mention certain assets or valuable property
- Transferring the title of your car to someone else
If you’re looking for legal guidance during the bankruptcy process,
speak with a Southern California bankruptcy lawyer from
Wadhwani & Shanfeld today.