Your Connecticut Bankruptcy Lawyer Knows What to Do and What Not to Do Before and After Bankruptcy

The Law Office of William E. Carter has compiled an important list of things to do and things not to do before, during and after filing for bankruptcy.

• DO get honest and admit to yourself the nature of the problem and the stress it is causing you. Typically, just recognizing the problem can immediately help you start to find answers.

• DO NOT expect bankruptcy to fix all of your problems. You will be getting a better footing to correct the mistakes of your past, but there will still be work involved.

• DO have at least a basic idea of what you expect a bankruptcy to accomplish. While you are certainly seeking some debt relief, keep in mind that your creditors are expecting something as well.

• DO NOT make the problem worse before you file. While some people may figure that they should “max out” credit cards or loan options by adding a few more luxury items before filing, the creditor can ask the court to force you to repay that debt, and worse, the court could then end up dismissing your case.

• DO take the process seriously. Bankruptcy is a constitutional right, but bankruptcy courts will recognize abuses of the system.

• DO NOT sell or transfer property to someone else to avoid it being taken by creditors or the bankruptcy court. Such transfers not only constitute fraud, but can also result in the court denying your discharge and taking the property from the person to whom you transferred it.

• DO inform your Connecticut bankruptcy attorney of everyone you owe money to and of everything relevant in your finances. No matter how embarrassing you might think something is, it is always easier for your attorney to deal with if they find it out from you. As shameful as something might personally be to you, chances are good that your attorney has probably dealt with the exact dilemma before.

• DO NOT pretend to forget any creditor on your bankruptcy schedules. The creditor you omit may have an argument that your bankruptcy discharge does not include the debt, whether you meant to omit it or not. Furthermore, you sign your bankruptcy schedules under penalty of perjury and you are under oath at the very first meeting of creditors. Lying or cheating on your schedules or testimony could not only lead to the court dismissing your case when it finds out about it, but could also lead to prosecution for bankruptcy fraud.

• DO consult with an experienced bankruptcy attorney who has a thorough knowledge of the ever changing bankruptcy laws.

If you are considering bankruptcy, you have nothing to lose by contacting our office to speak with a Connecticut bankruptcy lawyer. Call today -to schedule a free, personal consultation and help you make an informed decision and get back to a more secure financial future.