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Common Mistakes

It is very important that a bankruptcy case be filed and handled correctly. Avoid common mistakes when filing for bankruptcy. 

Common Mistakes To Avoid

• Do not forget about the exemptions.

• Do not omit property.

• Do not get creative by transferring assets  to others before filing.

• Do not mistakenly omit some of your creditors.

• Do not deliberately avoid disclosing assets.

• Do not underestimate living expenses.

• Do not mess up the petition, forms, schedules, or statements—you may not be able to refile again.

• Do not forget to include stock options, pending probate of an estate, trust funds, lawsuits filed or pending, tax refunds, or 
   retirement income.

• Do not forget the required credit counseling from an approved agency.

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