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Common Mistakes to Avoid Before Filing Bankruptcy

| May 10, 2021 | Firm News |

            Bankruptcy can be a life changing experience, but you want to ensure that at the end of the process, you have the fresh start that you are looking for. Having to file bankruptcy is stressful enough. During financial stress, it can be tempting to take all measures to try to alleviate the pressure.

Financial mistakes, even if they occur innocently or accidentally, can impede a bankruptcy case. This is why it is significant to address these issues immediately and avoid the following mistakes before filing for bankruptcy:

          Transferring or hiding assets

          Running up credit card debt

          Draining your retirement account

          Not listing all creditors

          Making unusual deposits in your bank account

Experienced bankruptcy attorneys are aware of all of these common mistakes and many more. Bankruptcy is a complex area of the law and the process has being further complicated with ever changing bankruptcy laws. If you are considering bankruptcy, the first step you should take is to obtain sound legal advice.

Here at DAL Law Firm, we offer free consultations where we help you determine the best course of action before filing bankruptcy. If you have questions about bankruptcy or want to file bankruptcy, please contact our office at (206) 408-8158, or by email at: [email protected].