5 Mistakes You Must Avoid When Filing Bankruptcy

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5 Mistakes You Must Avoid When Filing Bankruptcy

Рет қаралды 9,710

Күн бұрын

What are the most common mistakes that you must avoid when filing bankruptcy?
Your decision to pursue bankruptcy relief has likely come after after you have endured months or years of financial and emotional struggle. During that time you may have considered multiple non-bankruptcy options and taken steps that you think will protect your credit, your friends and family and your own financial future.
As I discuss in this video, however, the bankruptcy laws can be very harsh if you make a decision in good faith that turns out to be disallowed by the Bankruptcy Code.
For example you may decide to repay a relative or trusted vendor right before filing, or you may choose to transfer an asset that "doesn't really belong to you." Decisions like this can exposure to bankruptcy sanctions and could cost you your bankruptcy discharge.
In this video I discuss five of the most common #prebankruptcymistakes that I have seen in over 30 years of bankruptcy law practice in the Atlanta area. Avoid these mistakes and your path through #chapter7bankruptcy or #chapter13bankruptcy will be much smoother.
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Пікірлер: 12

@tiffaninghs 4 ай бұрын

Thank u for this. Will reach out when I have all of my information together

@dianecelento4974 Жыл бұрын

Great honest info.

@emperorbrandonel 2 ай бұрын

What if you did the transfer shortly after closing and deeded it to a corporation that’s the rental company? Is that okay?

@artofbusiness7593 Жыл бұрын

Two quick questions, Sir: 1) If a CC like NAVY Fed, PenFed, or Discover is part of an oncoming Chapter 7, can the individual filer keep their Ckg and Savings Acct., and three CD’s? 2) Will Filing the Chapter 7 BK affect the Direct Deposit from an employer, at say Navy Fed..? - Thank you.

@user-im1yq3by5z Жыл бұрын

Excellent video! Please a question: After debts are discharged, the case is still open. Perhaps after the following years taxes. What happens if our income goes significantly higher after debts are discharged? Can they come after money still?

@bonniej0 11 ай бұрын

If a mortgage is secured that means it's paid for already by the bonds in our accounts Treasury department because they made a lot of money for my birth certificate and every other number they assigned us with. Also they been using my birth certificate and taking advantage of me on my whole life without my consent. And if I'm only if I filed a discharge and I still have to pay the whole mortgage how come I got to pay the interest if it's no longer my loan? and if they're not even pouring all the good payments I made like they reported way back in September I mean seven years ago. Ridiculous that we are being enslaved having to pay interest on our own money and having to pay taxes.👹👹👹

@dogsareme100 Жыл бұрын

What about if you transfer the property, but you did so for standard value. In other words, if I were to sell say a TV worth 1k for 1k or a little less say $950 or so does that count?

@atlantabankruptcy Жыл бұрын

That should not be a problem but you would still want to keep records of that transaction.

@Mustbfriday 5 ай бұрын

What if you have money put aside for your daughters wedding at what point do you just give it to her