Some important things to remember before filing bankruptcy
Filing Bankruptcy is not an easy process. However, bankruptcy is a necessary option for debtors who are not able to pay back their debt and want some time or a plan to pay back their debts. By filing bankruptcy, they can pay back their debt within three to five years. If your financial condition is very bad and you think bankruptcy is the best solution for your problems then Brian Linnekens shares some important things that are important to know before filing bankruptcy.
Show all your sources for income and all your Assets On your bankruptcy form, you need to show all your sources for income and you need to declare all your assets because if you do not show all your income sources then you are may lose your authority to a discharge of your debt and criminal charges may also be filed and a fine may also be imposed on you. Apart from that, the court should have all the data about your assets, income, and expenses with it to ensure an amicable plan for you to pay off your debt in the coming years.
Avoid using your credit card continuously