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Bankruptcy: What To Do—And Not Do

If you are considering filing bankruptcy, the process can feel daunting. There are many complex steps that, if mishandled, can result in time-consuming and expensive errors. In the worst-case scenario, a mistake or a poor choice could motivate the court to deny your petition for bankruptcy.

At Case & DiGiamberardino, P.C., we can assist you with every aspect of consumer bankruptcy. To get you started, we will discuss some of the most important things that you should—and should not—do when it comes to bankruptcy.

What Not To Do

  • Do not transfer money, property and other assets to family members or acquaintances. The court may consider this bankruptcy fraud and deny your petition or charge you with bankruptcy fraud.
  • Do not sell things prior to filing. This can also raise the suspicion of bankruptcy fraud.
  • Do not work with a debt resettlement company. Many of these services are incompetent, a waste of money or even fraudulent.
  • Do not attempt the petition yourself. Working with a lawyer gives you a much stronger chance that the court will grant your petition.

What To Do Instead

  • Do file your tax returns. These documents will be crucial during your bankruptcy process.
  • Do disclose all your income and assets. If the court discovers hidden assets, it may deny your petition or press charges against you.
  • Do gather extensive documentation. If you have your tax returns, bank statements and other documents on hand, the process will go much faster.
  • Do work with an experienced bankruptcy lawyer. Your lawyer will guide you, ensure that you follow the steps correctly and advocate for your rights.

Speak To Our Bankruptcy Attorney

These are only a few issues that you should know about bankruptcy. To learn more, speak with our lawyer in a free initial consultation. To schedule a consultation at one of our offices in Lancaster, Wyomissing or Malvern call 610-936-6650 or send us an email.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.