Tulsa Bankruptcy: What not to Do before filing

Bankruptcy Bads – What Not To Do

Deciding to file a Bankruptcy is one of the most emotional and stressful decisions that you will face in your life.  The complexity of the process leads many people to do things in advance of filing that they would not normally do.  With this said your best course of action is to make sure that you hire a skilled Bankruptcy Lawyer to guide you through the process and help you avoid those things that lead to problems:

  • Running up credit cards because you think your debts will simply be discharged
  • Transferring property out of your name to avoid losing them during bankruptcy
  • Cashing in retirement funds to help reduce assets
  • Ignoring pending lawsuits thinking that the bankruptcy will stop them
  • Paying back money owed to family and friends and ignoring creditors
  • Withholding information from a lawyer and hiding assets

The mistakes outlined above are just some of those people tend to make just before filing.  Most don’t really seem to be a problem but believe me they are.  Anything you do prior to filing will be looked at by the Bankruptcy Trustee and could, if not done within the law, cause the Bankruptcy petition to be denied.  Moreover,  certain transfers done for less then the value of the transferred property, and within a certain look back period can be voided costing you and the transferee.

Knowledgeable Tulsa Attorney for Bankruptcy

Once you begin to consider filing bankruptcy it is important that you contact a local bankruptcy lawyer with experience dealing with the Bankruptcy Trustees office in Oklahoma.  The process is very stressful but can be made much more simple if you have a good working relationship with a Bankruptcy Lawyer from EZ Oklahoma Bankruptcy who will help guide you through the process.

Bankruptcy can be the best way to achieve financial well being, but only if it is handled by a bankruptcy professional. With this in mind I encourage you to contact our Bankruptcy Law Office as soon as Bankruptcy begins to look like an option for you. We know the intricate complexities that surround this process and we are fully devoted towards helping our clients reach their desirable result.
Contact a Tulsa Bankruptcy Lawyer so that you can avoid the bankruptcy bads.

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