When you're drowning in debt and facing a financial disaster, bankruptcy may be a viable solution. It requires the execution of a sequence of specific steps. We'll go through some of the most common mistakes individuals make while filing for bankruptcy. Read on to understand and prevent these common bankruptcy mistakes.

1. BANKRUPTCY FILING
BANKRUPTCY FILING
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2. TRANSFERRING
TRANSFERRING
ASSETS BEFORE FILING
ASSETS BEFORE FILING
EVIDENCE OF HIDING ASSETS OR
MOVING THEM IS A BIG MISTAKE
AND CAN LEAD TO YOUR
BANKRUPTCY BEING DENIED AND
EVEN TO FURTHER CHARGES

3. RUNNING UP DEBT
RUNNING UP DEBT
BEFORE FILING
BEFORE FILING
IF YOU RUN UP YOUR CREDIT CARD
LIMIT BEFORE YOU FILE, THE
COURT IS GOING TO KNOW THAT
YOU ARE ATTEMPTING FRAUD

4. OMITTING ASSETS
OMITTING ASSETS
FROM PAPERWORK
FROM PAPERWORK
YOUR PAPERWORK NEEDS TO BE
FULL AND ACCURATE.
CONCEALING ASSETS CAN LEAD
TO YOUR BANKRUPTCY BEING
DENIED

5. CHOOSING THE
CHOOSING THE
WRONG BANKRUPTCY
WRONG BANKRUPTCY
YOU SHOULD TALK WITH A
LAWYER AS YOU HAVE A CONCERN
SO THAT THEY CAN GUIDE YOU
WHAT TYPE OF BANKRUPTCY WILL
WORK BEST FOR YOU

6. ADDING TO YOUR DEBT
ADDING TO YOUR DEBT
BEFORE YOU FILE
BEFORE YOU FILE
YOU SHOULD STOP SPENDING AND
TRY TO FREEZE YOUR DEBT
BEFORE YOU FILE. ANY ACTIVITY
THAT IS SUSPICIOUS CAN LEAD TO
YOUR REQUEST BEING DENIED

7. WITHHOLDING
WITHHOLDING
INFORMATION OF DEBT
INFORMATION OF DEBT
AND ASSETS
AND ASSETS
YOU SHOULD TAKE THE TIME TO
GATHER ALL INFORMATION
ABOUT YOUR ASSETS AND DEBTS.
YOU NEED TO BE TRANSPARENT
WITH YOUR LAWYER TO GET THE
BEST POSSIBLE RESULT

8. FILING WITHOUT
FILING WITHOUT
A LAWYER
A LAWYER
YOU MIGHT THINK THAT YOU CAN
FILE ON YOUR OWN, IT IS MORE
EFFECTIVE TO HIRE A LAWYER. HE
WILL MAKE THE PROCESS A LOT
EASIER WITHOUT ANY MISTAKES

9. IF YOU ARE LOOKING FOR A
FREE CONSULTATION
REGARDING FILING FOR
BANKRUPTCY IN CALIFORNIA,
YOU CAN CONTACT US
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