Common Bankruptcy Mistakes before Consulting with a Lawyer

  • David M. Offen,
  •   Bankruptcy
  •   Comments Off on Common Bankruptcy Mistakes before Consulting with a Lawyer

Common Bankruptcy Mistakes before Consulting with a LawyerAre you interested in consulting with a bankruptcy lawyer? If so, you are in the same position as many other people. While this may not be something you want to do, as it means something is seriously wrong with your finances, it is often times the first step in improving this area of your life.

There are many common bankruptcy mistakes to be aware of, many of which are often committed before a person speaks with a lawyer.

You have the right to make decisions on your own, however, it is typically in your best interest to have a lawyer on your side from day one, as this person can help you understand what you should be doing and how bankruptcy can impact your situation.

Don’t make these Mistakes

Here are three of the most common bankruptcy mistakes, many of which occur before somebody consults with a lawyer:

1. Filing on your own. This is your right, but it is also something that can add unnecessary challenges to your situation. It is best for you to hold off on this until you have met with a lawyer. This way you know which type of bankruptcy is best, how to move forward, and which steps you need to take to ensure that everything is completed in the appropriate manner.

2. Making big financial decisions. If bankruptcy is looming, the last thing you want to do is run up a huge credit card bill. The same holds true for other big decisions, such as giving a family member or friend a large gift.

Anything you do with your money before filing for bankruptcy will be magnified once you get started. Your lawyer will let you know what you can and cannot do.

3. Making a predetermination on what you are going to do. Until you speak with a bankruptcy lawyer, you will never know exactly what you should be doing, as there are entirely too many details that can get in the way. Don’t go into your initial consultation thinking you know what is best for you. Instead, have some ideas and then let your lawyer guide you from there.

These are three of the most common bankruptcy mistakes that people make before consulting with a lawyer. Rather than find yourself causing more harm than good, schedule an appointment with us as soon as possible.

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